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The Law of Variable Proportions - diminishing marginal returns - economics - by Learn with Ravali
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This video includes:
Introduction of Law of variable proportions
Meaning of TP,AP&MP
Diagrammatic explanation
The law of variable proportions was developed by Alfred Marshall and David Ricardo
This law is also known as The law of diminishing returns
By applying this law producer gets three types of returns
Features of JHF business
Indifference curve
#learnwithravali
#economics
#returns
Introduction of Law of variable proportions
Meaning of TP,AP&MP
Diagrammatic explanation
The law of variable proportions was developed by Alfred Marshall and David Ricardo
This law is also known as The law of diminishing returns
By applying this law producer gets three types of returns
Features of JHF business
Indifference curve
#learnwithravali
#economics
#returns
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