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Theory of consumer behaviour — Economics STD 12 Humanities & Commerce — Question

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsTheory of consumer behaviour1 Mark
Question
When more and more units of a variable factor are combined with the fixed factor, the resulting law is called:
  1. Law of variable proportions.
  2. Law of increasing Returns to Scale.
  3. Law of Decreasing Return to Scale.
  4. Law of Constant Return Scale.
✓

Answer

  1. Law of variable proportions.

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