Explain the different phases in the behaviour of total product in the law of variable proportions.

Open in App

Solution

Phase I : TP increases at increasing rate

Phase II : TP increases at decreasing rate.

Phase III : TP falls.

Suggest Corrections

Similar questions

Explain the phases of changes in total product in law of variable proportions. Also explain the reason behind each phase. Use diagram.

Explain the law of variable proportions in terms of the behaviour of total physical product, with the help of a diagram.

What are the different phases in the law of variable proportions in terms of total product? Give reasons behind each phase. Use diagram.

Variable Input (Units)	$1$	$2$	$3$	$4$	$5$	$6$
Total Product (Units)	$10$	$22$	$32$	$40$	$40$	$35$

Join BYJU'S Learning Program