HSEB || Model question of Economics Class 12

Class: 12 || Subject: Economics Unit-5 Theory of Production Long answer questions Explain the law of variable proportion. [10] Explain with diagrams, the three stages of law of variable proportions. [10] Explain the law of variable proportions. Does this law apply only in agriculture? [7+3=10] Diagrammatically explain the law of returns to scale. [10] Short…

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