what is law of variable properties
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Law of Variable Proportions or Returns to a Factor. ... The law states that keeping other factors constant, when you increase the variable factor, then the total product initially increases at an increases rate, then increases at a diminishing rate, and eventually starts declining.
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The law of variable properties states that as the. quantity of one factor is increased, keeping the other. factors fixed, the marginal product of that factor will eventually decline.
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