Practicing Success
Practicing Success
CUET Preparation Today
| A pizza shop having single oven and one chef is able to produce 50 pizzas per day. When it adds one more chef the output increases to 120 pizzas. Adding 3rd chef output increases to 140 pizzas. This phenomenon is popularly known as |
Law of variable proportion Diminishing MRTS Decreasing returns to scale None of these |
| Law of variable proportion |
| Law of variable proportion states that, with additional increase in variable input, output increases at increasing rate then increases at decreasing rate. |
