Download App

Production Analysis — Economics STD 11 — Question

Tamilnadu BoardEnglish MediumSTD 11EconomicsProduction Analysis2 Marks
Question
Explain the law of variable proportions assumptions?
✓

Answer

  1. The Law of Variable Proportions is based on the following assumptions.
  2. Only one factor is variable while others are held constant.
  3. All units of the variable factor are homogeneous.
  4. The product is measured in physical units.
  5. There is no change in the state of technology.
  6. There is no change in the price of the product.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "[ 2 Marks Questions ]" from Production Analysis→Production Analysis — all question types→Economics STD 11 question papers→Tamilnadu Board STD 11 question papers→Tamilnadu Board question paper generator→

Similar questions

How can you classify market-based on the competition?
→
State any two weaknesses of Indian Economy.
→
Define modern theory of rent.
→
What is a worksheet?
→
Explain the measures taken in the Ranking system under the new economic policy 1991.
→
How can you calculate per capita income?
→
Elaborate the highlights of Tamil Nadu economy.
→
What is an industrial delicensing policy or Red Tapism?
→
Find the equation of a straight line which passes through two points (2,2) and (4, -8) which are $(x_1, y_1)$ and $(x_2, y_2)$ respectively.
Note: For drawing a straight line, at least two points are required. Many straight lines can pass through a single point.
→
Describe the wastes of monopolistic competition?
→