The law of variable proportions is also called

the law of demandCorrect answerYour answerthe law of increasing returns to scaleCorrect answerYour answerthe law of supplyCorrect answerYour answerthe law of diminishing marginal product (returns to a factor)Correct answerYour answer

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CorrectNot quiteAnswer D

Correct answer: D

Its central claim is that, after a point, each extra unit of the variable input adds less: diminishing marginal product.

Concept: Other names of the law
Typical timeTypical: 70 s
Your timeYours: —

The rule this testsThe law of variable proportions

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The law of variable proportions is also called

Explanation