Economy, asked by Unknown0708, 4 months ago

Explain the likely behaviour of total product and marginal product when only one input is increased while all other inputs are kept unchanged.

Question is of 6 marks need valid answers.
Please don't spam need answers urgently

Answers

Answered by Anonymous

ANSWER

The law of variable proportion states that as we increase the quantity of only one input, keeping other inputs fixed, the total product increases at an increasing rate in the beginning, then increases at decreasing rate and after a level the output ultimately falls

Previous Question

Next Question

Similar questions

Math, 2 months ago

pls do a tutorial how to find probbability class 7th...

Math, 2 months ago

$(32 \times 10 {}^{ - 5}) {}^{ - 2} \times 64 \div ( {2}^{16} \times {10}^{ - 4} ) = {10}^{?}$ ...