Question

law of variable proportion is applicable in industry or agriculture​

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. Law of Variable Proportions examines the production function with one factor variable, keeping the other factors fixed. When the quantity of one factor is varied, keeping the quantity of the other factors fixed the proportions between the variable factor and the fixed factor is changed.

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