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What is meant by the law of production or the law of variable proportions? - Economics

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प्रश्न

What is meant by the law of production or the law of variable proportions?

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उत्तर

The law of variable proportions states that total production must eventually rise only less than proportionately when the percentage of one factor is increased while all other factors remain constant.

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पाठ 10: Concept of Production and Law of Returns - TEST QUESTIONS [पृष्ठ १०.२४]

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आर. के. लेखी आणि पी. के. धर Economics [English] Class 12 ISC
पाठ 10 Concept of Production and Law of Returns
TEST QUESTIONS | Q A. 5. | पृष्ठ १०.२४
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