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Question
Which Law Is Applicable in the Short Run Production Function?
Which Law Is Applicable in the Short Run Production Function?
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Solution
In the short run production function, the law of variable proportions is applicable.
Also read:
- Total Product Average Product and Marginal Product
- Meaning of Demand and Factors Affecting Demand
- Law of Variable Proportion
- The Law of Diminishing Marginal Product and the Law of Variable Proportions
Stay connected with BYJU’S for more such questions and answers on various commerce topics.
In the short run production function, the law of variable proportions is applicable.
Also read:
- Total Product Average Product and Marginal Product
- Meaning of Demand and Factors Affecting Demand
- Law of Variable Proportion
- The Law of Diminishing Marginal Product and the Law of Variable Proportions
Stay connected with BYJU’S for more such questions and answers on various commerce topics.
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