Third stage of Law of Variable Proportion is called -

Related MCQs

• Which law states that with constant taste and preferences, the proportion of income spend on food stuff diminishes as income increases?
• Which law of economics states that “with given preferences or tastes, the proportion of income spent on food diminishes as income increase”?
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• A tax levied as a proportion of the retail price of a commodity at the point of sale is called:
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• If the average total cost is Rs.54, total fixed cost is Rs.45000 and quantity produced is 2500 units, find the average variable costs (in Rs.) of the firm -
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• Variable costs are those that vary directly with the rate of output e.g., labour costs, fuel and power etc., These are also known as: