Question

law of variable proportions is also known as​

Answer 1

Answer:

Law of Variable Proportions occupies an important place in economic theory. This law is also known as Law of Proportionality. Keeping other factors fixed, the law explains the production function with one factor variable. ... Land is a fixed factor whereas labour is a variable factor.

Answer 2

Explanation:

Law of Variable Proportions occupies an important place in economic theory. This law is also known as Law of Proportionality. Keeping other factors fixed, the law explains the production function with one factor variable. ... Land is a fixed factor whereas labour is a variable factor.

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