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Question Practice

How does the law of variable proportions affect decision-making for firms?

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MCQ_SA
CBSE
Class 12
Economics
Introductory Microeconomics
Production And Costs
Question Bank

How does the law of variable p...

Single Answer MCQ
Q-00103522

How does the law of variable proportions affect decision-making for firms?

1

Firms can always increase outputs indefinitely

2

Firms must consider optimal input combinations

3

Diminishing returns do not apply to large-scale production

4

Firms only focus on marginal costs

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