According to the law of variable proportions, the marginal product of an input initially rises and then after a certain level of employment, it…
CUET UG 2025 — Economics Micro
According to the law of variable proportions, the marginal product of an input initially rises and then after a certain level of employment, it starts falling. The MP curve therefore looks like:
Held on 13 May 2025 · Verified 13 Jul 2026.
Options
- A
'U' Shaped
- B
Convex to Origin.
- C
'L' Shaped.
- D
Inverse 'U' Shaped.
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