The law of variable proportions come into being when
The law of variable proportions come into being when
A). There are only two variable factors
B). There is a fixed factor and a variable factor
C). All factors are variable
D). Variable factors yield less
1 answers
There is a fixed factor and a variable factor
The law of variable proportions come into being when there is a fixed factor and a variable factor. The law of variable proportions states that as the quantity of one factor is increased, keeping the other factors fixed, the marginal product of that factor will eventually decline.
Other Questions
1. If a country devalues its currency, its _______________
2. Discriminating monopoly is possible if two markets have
5. Question 12:Can simple correlation coefficient measure any type of relationship?
7. The other name of Budget line is
8. The budget line is also known as the
9. In the case of an inferior good, the income elasticity of demand is