Stages of Law of Variable Proportions Fixed factor Machine 1 1+ 1+ 1+ 1+ 1+ 1+ 1+ 1+ 1+ 1+ Variable factor labour 2 1 2 3 4 5 6 7 8 9 10 Total product in units 3 Average product in units 4 10 11 12 13 13.2 12.6 11.4 10.2 9.1 7.8 Marginal product in units 5 10 12 14 16 14 10 4 2 0 -4 Stages 10 22 36 52 66 76 80 Increasing Returns Decreasing Returns Negative Returns 82 78 82
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I noted that thousands of horses were imported from Persia and Arabia????
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