Question: ( Consider the following statements ) : ( The law of variable proportions is related to the short run. ) ( The law of variable
Consider the following statements:
The law of variable proportions is related to the short run.
The law of variable proportions is related to the long run.In case of law of variable proportions, the producer prefers to live in a situation of diminishing returns Second stage
In case of law of variable proportions, the producer prefers to live in a situation of increasing
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