The “law of variable proportion” is first explained by

Related MCQs

• When all the productive services are increased in a given proportion, the product is increased in the same proportion. This situation is called:
• .………… is known as the ‘first law in market”
• ………… is known as the ‘first law in market”
• Which of the following is not a variable input
• Variable cost per unit
• Variable costs are:
• If the short-run average variable costs of production for a firm are rising, then this indicates that:
• The distinction between variable cost and fixed cost is relevant only in
• Which of the following is not a variable input?
• Which of the following is a short run law