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The Law of Variable Proportions

Lesson 5 of 9 • 16 upvotes • 9:17mins

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Sanchit Gupta

In this lesson we will be talking about law of variable proportion. This law occupies an important place in economic theory.

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1

Production Function: What is Production? Factors of Production and Total Physical Product

9:07mins

2

Average Physical Product

5:00mins

3

Marginal Physical Product

4:32mins

4

Types of Production Functions

5:59mins

5

The Law of Variable Proportions

9:17mins

6

The Law of Variable Proportions: Explanation of Schedule and Diagram and Assumptions to the Law

9:41mins

7

Difference between Law of Variable Proportions and Returns to Scale

5:53mins

8

Production Function: Some Important Relationships

8:14mins

9

High Order Thinking Skills Questions

7:05mins

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