It is because of the law of variable proportions that MP curve makes an inverted-U.

True

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False

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Solution

The correct option is A True
In accordance with the law of variable proportions, MP of the variable factor (combined with the fixed factor) initially tends to rise, subsequently stabilises and finally must fall. Hence, MP curve forms an inverted-U.

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Similar questions

Explain the law of variable proportions with the help of total product and marginal product curves.

MP curve is an inverted U-shaped curve.

Q. At the existing level of output,

M P = A P = 10

units. Would

A P

be equal to

M P

when production is increased and law of variable proportions is in operation?

At the existing level of output, MP = AP = 10 units. Would AP be equal to MP when production is increased and law of variable proportions is in operation?

Q. Under the law of variable proportions, factor ratios keep changing.
Which of the following is not an assumption of the law of variable proportion?

[1 mark]

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It is because of the law of variable proportions that MP curve makes an inverted-U.

The correct option is A TrueIn accordance with the law of variable proportions, MP of the variable factor (combined with the fixed factor) initially tends to rise, subsequently stabilises and finally must fall. Hence, MP curve forms an inverted-U.

The correct option is A True
In accordance with the law of variable proportions, MP of the variable factor (combined with the fixed factor) initially tends to rise, subsequently stabilises and finally must fall. Hence, MP curve forms an inverted-U.