According to the law of variable proportions _________.
A
the marginal product of an input initially rises and then after a certain level of employment, it starts falling
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B
the TP is a positively sloped curve
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C
the AP curve is inverse U shaped
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D
none of these
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Solution
The correct option is A the marginal product of an input initially rises and then after a certain level of employment, it starts falling
Law of Variable Proportions: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.