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What is Definition of law of variable proportion?
The law of variable proportion is basically a study of production functions. The factors used include fixed and variable factors.
Is a proportion an example of a continuous variable?
No
Relationship between manipulated variable and responding variable?
direct proportion
How do you explain the law of variable proportion?
Explain the Law of Variable Propotion
A variable cost changes in proportion to changes in the volume in activity?
the answer is Variable Cost
What cause the application of law of variable proportion?
Causes of law of variable proportions
What is definition of inverse and direct proportion?
Direct proportion means as the independent variable increases, the dependent variable increases, and vice versa. Inverse propostion means just the opposite. As the independent variable increses, the dependent variable decreases, and vice versa.
What is Table and diagram of law of variable proportion?
it elasticity
For two variables in a direct proportion what Is the result of doubling one variable?
The other variable is doubled
Distinguish between return to scale laws of variable proportion in the contest of business decision making?
what will be the maximum wage that firms are willing to pay in laws of variable proportion show graphically
Total variable cost does not increase in proportion to output is it true?
False, it is the fixed cost which is not increased or decreased with proportion to output.
If the relationship between the manipulated variable and the responding variable is a direct proportion. What will a line graph of this look like?
straight line
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