Economy, asked by jubyshaji76, 19 days ago

Law of variable proportion as a cause for all the Cost Curves​ . explain the reason

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Answered by shaahnz
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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.”

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