Economy, asked by zubairmir, 1 year ago

explain the law of variable proportions with the help of total product and marginal product curves​

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Answered by lalitameena2003
9

Law of Variable Proportions. 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. If there is improvement in the technology, then the marginal product may rise instead of diminishing.

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