Question

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]

• A. The law applies in the field of production only.
• B. All the factors are equally efficient.
• C. It operates in the short run.
• D. The law is not applicable to all fixed factors.

Answer 1

The correct option is D The law is not applicable to all fixed factors.

This law is applicable to all fixed factors including land.