Economy, asked by rajeshkumarasr196810, 4 months ago

short run production function is called?
1.law of variable proportion
2.law of return to scale
3.law of supply
4.law of demand​

Answers

Answered by Angelpriya80
19

Answer:

4.law of demand

Explanation:

4.law of demand..........

Answered by Anonymous
93

Answer:

Question:-

The short-run production function is called?

  1. Law of variable proportion
  2. Law of return to scale
  3. Law of supply
  4. Law of demand

Answer:-

  • The short-run production function is called -

  • Law of variable proportion.

Explanation:-

LAW OF VARIABLE PROPORTIONS.

  • This Law plays a very important role in probing the Theory of Production.
  • This shows the short-run production functions in which one factor fluctuates while the others are fixed.

What is the Law of Variable Proportions?

  • "If a producer increases the units of a variable factor keeping other factors fixed, then the total product increases at an increasing rate, then it increases at a diminishing rate, and finally starts declining."
Similar questions