what is law of variable proportion
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Heya.....
@@ Law of variable proportion States that.....
When more and more units of variable factors must be combined with fixed factors then the marginal products must rise suddenly but after sometime it starts to decline and be -ve or zero....
* It's assumptions....
** Used technology remains constant....
** Variable factors should be homogeneous....
@@ Law of variable proportion States that.....
When more and more units of variable factors must be combined with fixed factors then the marginal products must rise suddenly but after sometime it starts to decline and be -ve or zero....
* It's assumptions....
** Used technology remains constant....
** Variable factors should be homogeneous....
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7
I hope it will help you. .
law of variable proportion
states that as the quantity of one factor is increased, keeping the other factors fixed, the marginal product of that factor will eventually decline.
law of variable proportion
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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