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Production Function: TP, MP and AP · Question 34 of 62

Question 34

EasyOriginal question

The law of variable proportions describes what happens to output when

Options for question 34

Show the answer and explanation
CorrectNot quiteAnswer A

Correct answer: A

Explanation

  1. Adding a variable input to a fixed one changes the proportion between them, which is why the law has its name.

  2. All inputs rising together is the subject of returns to scale.

Concept
Law of variable proportions
Typical time
40 s
Your time
—
The rule this testsThe law of variable proportions
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