Explain the law of variable proportions in terms of the behavior of total
physical product with the help of a diagram. (
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Answer: The law states that keeping other factors constant, when you increase the variable factor, then the total product initially increases at an increases rate, then increases at a diminishing rate, and eventually starts declining.
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Explain the Law of Variables Proportions with the help of total product and marginal product curves. The law of variable proportions state that as the quantity of one factor is increased, keeping the other factors fixed, the marginal product of that factor will eventually decline
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