Reasons For Law of Variable Proportion | Production Function | Microeconomics | Ecoholics

Imagine that a farmer is cultivating wheat only by using more and more labour in a circumstance where land is a fixed factor and labour is a variable factor. Here’s a crucial query: Will the amount of wheat produced by each additional unit of labour used in the given area be equal? Will the MP of the labour remain the same for each and every new unit of labour used, in other words? Never say “maybe.” It is not possible.
Returns to Factor: Law of Variable Proportions
Returns to a factor refer to the rise in the total product that results from increasing just one factor while holding the other factors constant. The production of the firm displays the Law of Variable Proportions in the short term when one input is variable, and the other inputs are fixed.
Phase 1: TP rises at an increasing rate, and MP increases.
Phase 2: TP rises at decreasing rate, MP decreases and is positive.
Phase 3: TP falls, and MP becomes negative.
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[@taekookshipper_7855]

Thankyou sir....I was very confused earlier.After watching your video....I got clear explanation...

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[@rujalkawan7031]

shukriya sir, apke examples ki wajah se sab clear ho gaya.

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