0
according to this law, if more and more units of a variable factor are employed with the fixed factor the total physical product(which the same as the total product) increases at a decreasing rate in the beginning, then increases at a diminishing rate and finally starts falling.
assumption of the law:
1. state of technology remains constant.
2. its the short hand phenomenon.
3. distinction between fixed factor and variable factor.
4. all units of the variable are homogeneous.
What else can I help you with?
How do you explain the law of variable proportion?
Explain the Law of Variable Propotion
What is Definition of law of variable proportion?
The law of variable proportion is basically a study of production functions. The factors used include fixed and variable factors.
What cause the application of law of variable proportion?
Causes of law of variable proportions
What is Table and diagram of law of variable proportion?
it elasticity
Law of variable proportion and law of returns to scale?
Under Law of variable proportion: only one variable input varies all other variable kept constant. Under Law of Return to Scale: All the variable inputs varies except the enterprise. Law of variable proportion is for short period; law of return to scale is for long period. Law of variable proportion shows the relationship if one variable input increase (eg: Labour) by keeping all other variable constant; total product and marginal product increase upto a certain point after that it will increase at a diminishing rate. it shows in three stage first increase then constant and then decrease. Law of return to scale shows the relationship between inputs and output at three different stages: 1. output increase more than inputs, 2. output and input are constant, 3. output is less than proportionate input.
How do you explain the law of variable proportion?
Explain the Law of Variable Propotion
What is Definition of law of variable proportion?
The law of variable proportion is basically a study of production functions. The factors used include fixed and variable factors.
What cause the application of law of variable proportion?
Causes of law of variable proportions
What is Table and diagram of law of variable proportion?
it elasticity
Law of variable proportion and law of returns to scale?
Under Law of variable proportion: only one variable input varies all other variable kept constant. Under Law of Return to Scale: All the variable inputs varies except the enterprise. Law of variable proportion is for short period; law of return to scale is for long period. Law of variable proportion shows the relationship if one variable input increase (eg: Labour) by keeping all other variable constant; total product and marginal product increase upto a certain point after that it will increase at a diminishing rate. it shows in three stage first increase then constant and then decrease. Law of return to scale shows the relationship between inputs and output at three different stages: 1. output increase more than inputs, 2. output and input are constant, 3. output is less than proportionate input.
Does law of variable proportion apply only in agriculture?
No. It also applies to mathematics in general.
What are the Limitations to the law of variable proportion?
Vrry smpl.all d assumption r limitation.
Is a proportion an example of a continuous variable?
No
Relationship between manipulated variable and responding variable?
direct proportion
Explain the law of variable proportions with suitable diagram?
in the process of production, in short run where producer changes few factors of production , i.e; varies the proportion between fixed factors and variable factors then production changes by three ways -at first production increases rapidly - at second production increases slowly - at third production decreases. the analysis of these procedures is known as law of variable proportion.
A variable cost changes in proportion to changes in the volume in activity?
the answer is Variable Cost
What is definition of inverse and direct proportion?
Direct proportion means as the independent variable increases, the dependent variable increases, and vice versa. Inverse propostion means just the opposite. As the independent variable increses, the dependent variable decreases, and vice versa.
