Question 41
MediumOriginal questionAssertion (A): The law of variable proportions does not apply when all inputs are increased together.
Reason (R): The law needs at least one input to be fixed.
Show the answer and explanation
CorrectNot quiteAnswer A
Correct answer: A
Explanation
Both are true.
If every input rises together, their proportion does not change, so there is nothing for the law to describe: R explains A.
- Concept
- When the law applies
- Typical timeTypical
- 70 s
- Your timeYours
- —
Practise this chapter →
Ten questions from Production Function: TP, MP and AP, at your own pace.