Variable proportions type production function exists: - Vidyadip

MCQ

Variable proportions type production function exists:

A
When with change in the level of output there is change in factor ratio.
B
When it is possible to increase output by increasing the application of the variable factor.
C
When scale of production changes with change in the level of output.
✓
Both $(a)$ and $(b).$

✓

Answer

Correct option: D.

Both $(a)$ and $(b).$

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