Question

state law of variable proportions with it's assumptions

Answer 1

The assumptions of the law of variable proportion are given as below: It is assumed that the technique of production should remain constant during production. It operates in the short-run because in the long run, fixed inputs become variable. Some inputs must be kept constant.

Answer 2

"in a given state of technology, when the units of  variable factor of production (L) are increased within the units of other fixed factors, the marginal productivity increases at increasing rate up to a point, after this point. it will become less and less"

Assumptions:

The assumptions of the law of variable proportion are given as below:

It is assumed that the technique of production should remain constant during production.It operates in the short-run because in the long run, fixed inputs become variable.Some inputs must be kept constant.