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According to the law of variable proportion, what happens when additional units of a variable input are added to a fixed input?
  • a)
    Total production decreases
  • b)
    Average product increases
  • c)
    Marginal product increases initially, then decreases
  • d)
    Total product remains constant
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
According to the law of variable proportion, what happens when additio...
According to the law of variable proportion, when additional units of a variable input are added to a fixed input, the marginal product initially increases but eventually decreases. This means that each additional unit of the variable input contributes less to total production.
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According to the law of variable proportion, what happens when additional units of a variable input are added to a fixed input?a)Total production decreasesb)Average product increasesc)Marginal product increases initially, then decreasesd)Total product remains constantCorrect answer is option 'C'. Can you explain this answer?
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