Question

In which of the following situations, the Law of Variable Proportions will not apply?

• A. Improvement in technology
• B. When all factors are proportionately varied
• C. Where the factors must be used in fixed proportions to yield the product
• D. All of the above

Answer 1

The correct option is D All of the above

In the following situations, the Law of Variable Proportions will not apply:

a) Improvement in technology

b) When all factors are proportionately varied c) Where the factors must be used in fixed proportions to yield the product

Law of variable proportions is also known as the law of law of diminishing returns. This law shows the production function with one input factor variable while keeping the other input factors constant.