

InterviewSolution
Saved Bookmarks
1. |
Explain the law of variable proportion on the basis of behaviour of marginal product. Use diagram |
Answer» In the case of marginal product the variable proportion will be changeable where as other products remain constant and additional input (mp) firstly increase then decrease and finally become zero or negative .<br>On the basis of mp lvP states that as we inc. quantity of only 1input keeping other inputs fixed & constant initially mp inc. then mp dec. Bt remain positive &finally mp becomes negative<br>Please show me answer | |