Question

explain the law of variable proportions​

Answer 1

Answer:

The law of variable proportions states that as the quantity of one factor is increased, keeping the other factors fixed, the marginal product of that factor will eventually decline. ... Fixed Amount of Other Factors: Secondly, there must be some inputs whose quantity is kept fixed.

Answer 2

Answer: The law of variable proportions is as follows: “If a producer increases the units of a variable factor while keeping other factors fixed, then initially the total product increases at an increasing rate, then it increases at a diminishing rate, and finally starts declining.”