CameraIcon

SearchIcon

MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Short Run Average and Marginal Costs

What isthe la...

Question

What isthe law of variable proportions?

Open in App

Solution

Law ofVariable Proportions
Accordingto the law of variable proportions, if more and more units of thevariable factor (labour) are combined with the same quantity of thefixed factor (capital), then initially the total product willincrease but gradually after a point, the total product will startdiminishing.

Suggest Corrections

thumbs-up

0

Similar questions

What is the law of variable proportions?

What is the law of variable proportions?

Q. According to the law of variable proportions _________.

Q. Law of Variable Proportions is applicable to ________.

Q. In the first stage of law of variable proportions

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

The Cost Curve

ECONOMICS

Watch in App

explore_more_icon

Explore more

Short Run Average and Marginal Costs

Standard XI Economics

Join BYJU'S Learning Program

CrossIcon