Question

state and explain law of variable proportion​

Answer 1

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...

hope it helps uh..

Answer 2

Answer:

This law exhibits the short-run production functions in which one factor varies while the others are fixed.

The law has three stages as explained below:

Stage I – The TPP increases at an increasing rate and the MPP increases too.

Stage II – The TPP continues to increase but at a diminishing rate. However, the increase is positive. Further, the MPP decreases with an increase in the number of units of the variable factor.

Stage III – Now, the TPP starts declining, MPP decreases and becomes negative.