Identify the different phases of the Law of Variable Proportions from – InterviewSolution

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1.

Identify the different phases of the Law of Variable Proportions from the following schedule. Give reasons for your answer.Variable Inputs (Units)Total Physical Product (Units)1429313415512

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The required solution is:

Variable Input (Units)	Total Physical Product or TPP (Units)	Marginal Physical Product or MPP (Units) MPP_n = TPP_n - TPP_n-1	Phase
1 2	4 9	4 5	1st Phase (IRF)	3 4	13 15	4 2	2nd Phase (DRF)
5	12	-3	3rd Phase (NRF)	3 4	13 15	4 2	2nd Phase (DRF)

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