When all the productive services are increased in a given proportion, the product is increased in the same proportion. This situation is called:

Related MCQs

• ------------ is situation with increased investment and increased price
• ------------is situation with increased investment and increased price
• If all resources used in the production of a product are increased by 20 percent and output increases by 20 percent, then there must be:
• When marginal product reaches its maximum, what can be said of total product?
• In …….. approach, the demand for new product is estimated on the basis demand of existing product
• In ………approach, on the basis of the growth of an established product, the demand for the new product is estimated
• ------------ is situation of severely falling prices and lowest level of economic activities
• ------------is situation of severely falling prices and lowest level of economic activities
• The “law of variable proportion” is first explained by
• An input should be so allocated that the value added by the last unit is the same in all cases.