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Production Function: TP, MP and AP · Question 41 of 62

Question 41

MediumOriginal question

Assertion (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.

Options for question 41

Show the answer and explanation
CorrectNot quiteAnswer A

Correct answer: A

Explanation

  1. Both are true.

  2. 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 time
70 s
Your time
—
The rule this testsThe law of variable proportions
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Ten questions from Production Function: TP, MP and AP, at your own pace.

Practise this chapter →

Ten questions from Production Function: TP, MP and AP, at your own pace.