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Question
What Are the Two Laws of Production?
What Are the Two Laws of Production?
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Solution
The two laws of production are as follows:
- Law of return to scale
- Law of variable proportion
Also read :
- Law of Variable Proportion
- The Law of Diminishing Marginal Product and the Law of Variable Proportions
- Returns to Scale
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The two laws of production are as follows:
- Law of return to scale
- Law of variable proportion
Also read :
- Law of Variable Proportion
- The Law of Diminishing Marginal Product and the Law of Variable Proportions
- Returns to Scale
Stay connected with our website for questions and answers from a diverse range of topics of commerce.
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