Which one of the following best defines the Law of Variable Proportions?Output decreases as all inputs increase.Output increases as one input is increased, holding all other inputs constant.Output increases as all inputs increase.Output decreases as one input is increased, holding all other inputs constant

Law of variable proportion is valid when ________________.a.Only one input is fixed and all other inputs are kept variableb.All factors are kept constantc.All inputs are varied in the same proportiond.Only one input is variable and all other inputs are kept fixed

Which one of the following scenarios best illustrates the operation of the Law of Variable Proportions? A baker increases the amount of flour used in a recipe while keeping the amount of yeast constant, and the bread rises more. A farmer uses more fertilizer on his fields and gets a larger crop yield. A factory adds more workers to a production line and output increases, but at a decreasing rate. A restaurant adds more chefs to the kitchen and the number of meals prepared per hour remains the same.

Which of the following is a true statement about the Law of Variable Proportions?It assumes that all units of the variable input are heterogeneous.It is applicable only in the long run.It is applicable only to the agriculture sector.It operates in the short run when at least one factor of production is fixed

How is the Law of Variable Proportions different from the Law of Returns to Scale?The former applies to the long run while the latter applies to the short run.The former deals with variable proportions while the latter deals with fixed proportions.The former assumes that one input is kept constant while the latter assumes that all inputs are varied.The former assumes that all inputs are varied while the latter assumes that one input is kept constant

Law of constant proportions is given by whom?