Question

what is the likely behaviour of Total production magnet production when only one input is increased for increasing production use diagram and schedule​

Answer 1

Answer:

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Explanation:

Ans.The Law of Variable Proportion shows the impact on output when units of variable factor are increased, keeping fixed factors constant in the short-run.

The law states that if more and more units of a variable factor are employed with fixed factors, Total Physical Product (TPP) increases at an increasing rate in the beginning, then increases at a diminishing rate and finally starts falling.