Question on: SS2 Economics - Laws of Variable Proportion

Firms can optimize their production processes by carefully monitoring the input levels of each factor of production and adjusting them accordingly to achieve maximum efficiency. This may involve finding the optimal balance between inputs, such as labour and capital, to ensure that each input is being used in the most effective way possible. Additionally, firms may need to invest in new technologies or processes to increase the productivity of their inputs and maintain a high level of output.