What is the law of variable proportions - SS2 Economics Laws of Variable Proportion Question
What is the law of variable proportions?
A
As inputs increase, the output always increases proportionally
B
As inputs increase, output increases at a decreasing rate
C
As inputs increase, output decreases at an increasing rate
D
As inputs increase, output remains constant
correct option: b
(At some point, adding more of a particular input will no longer result in a proportional increase in output)
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