Question

what is the law of variable proportions​

Answer 1

Answer:

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.

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Answer 2

Answer:

According to this law fixed factor are constant as we increase the quantity of variable input initially MPP (marginal physical production) is increase after that decrease and finally become negative.

Explanation:

It has three stages:

STAGE 1 : TPP rises at increasing rate.

                 MPP increases

STAGE 2 : TPP rises at decreasing rate.

                  MPP decreases and is positive

STAGE 3 : TPP falls.

                  MPP becomes negative

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