Economics · Production and Costs
Which law states that when more and more units of a variable factor are employed with a fixed factor, the marginal product of the variable factor must eventually fall?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Law of demand
- 2Law of diminishing marginal utility
- 3Law of variable proportions✓
- 4Law of inertia
Correct answer
Law of variable proportions
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