Tag Archives | Law of Variable Proportions

Law of Variable Proportions | Economics

In this article we will discuss about the law of variable proportions. In the short run we study the behaviour of output as more and more units of a variable factor (labour) are applied to a given quantity of a fixed factor. So, output becomes a function of labour input alone. If this is SO the short-run production function may [...]

By Nipun S|2017-01-13T05:58:22+05:30January 13, 2017|Law of Variable Proportions|Comments Off

Law of Variable Proportions | Agricultural Economics

In this article we will discuss about:- 1. Introduction to the Law of Variable Proportions 2. Assumptions of the Law of Variable Proportions 3. Tabular Presentation 4. Three Stages. Introduction to the Law of Variable Proportions: Law of Variable Proportions examines the production function with one factor variable, keeping the other factors fixed. It refers to the input-output relation when [...]

By Harsh Aditya|2016-08-18T11:21:19+05:30August 18, 2016|Agricultural Economics|Comments Off