The relationship between one variable factor, keeping the quantities of other factors fixed, is called __________.

Law of diminishing returns

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Law of variable proportion

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Returns to scale

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Production function

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Solution

The correct option is C Law of variable proportion
Law of Variable Proportions examines the production function with one factor variable, keeping the other factors fixed.
It refers to the input-output relation when the output is increased by changing the quantity of one input.

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The relationship between one variable factor, keeping the quantities of other factors fixed, is called __________.

The correct option is C Law of variable proportionLaw of Variable Proportions examines the production function with one factor variable, keeping the other factors fixed. It refers to the input-output relation when the output is increased by changing the quantity of one input.

The correct option is C Law of variable proportion
Law of Variable Proportions examines the production function with one factor variable, keeping the other factors fixed.
It refers to the input-output relation when the output is increased by changing the quantity of one input.