Question

With the help of concept of production function explain the difference between law of variable proportion and law of returns to scale

Answer 1

Heya...

Law of variable proportion...

It is a short term concept...
It states that when more and more variable factors must combined with fixed factor then the marginal output rises suddenly but eventually a situation came when MP tends to diminish and starts to be zero or negative...

Return to scale....

It is a long term concept...
It states production can be increased by by changing both factors fixed factor as well as variable factor..