Economy, asked by binodkanoo, 11 months ago

state any two assumption of the law of variable proportion​

Answers

Answered by wajahatkincsem
0

Following are the assumption of the law of variable proportion:

Explanation:

  • It is assumed that the techniques used for production should be constant throughout production.
  • It is also assumed that some inputs should also be kept constant.
  • It is for the short-term because, in the long turn, inputs cannot be kept constant.  
  • Different factors shouldn't be used in the fixed proportions.  

Learn more about law of proportion here:

Explain law of variable proportion ?

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