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When there is increase in the production, we normally increase the labour rather than the machinery. The more labour employed in the production process, there will be raise in the production, But continuous increase in the labour may lead to decrease in the production after certain point. Here comes the question. How many employees should be employed to get maximum production? Law of variable proportion answers the question of the employment of labour for optimum production? Explain the Law of Variable Proportions in detail?

When there is increase in the production, we normally increase the labour rather than the machinery. The more labour employed in the production process, there will be raise in the production, But continuous increase in the labour may lead to decrease in the production after certain point. Here comes the question. How many employees should be employed to get maximum production? Law of variable proportion answers the question of the employment of labour for optimum production? Explain the Law of Variable Proportions in detail?

Principles of Economics 2e
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter15: Poverty And Economic Inequality
Section: Chapter Questions
Problem 30CTQ: What goods and services would you include in an estimate of the basic necessities for a family of...
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When there is increase in the production, we normally increase the labour rather than the machinery. The more labour employed in the production process, there will be raise in the production, But continuous increase in the labour may lead to decrease in the production after certain point. Here comes the question. How many employees should be employed to get maximum production? Law of variable proportion answers the question of the employment of labour for optimum production? Explain the Law of Variable Proportions in detail?
Transcribed Image Text:When there is increase in the production, we normally increase the labour rather than the machinery. The more labour employed in the production process, there will be raise in the production, But continuous increase in the labour may lead to decrease in the production after certain point. Here comes the question. How many employees should be employed to get maximum production? Law of variable proportion answers the question of the employment of labour for optimum production? Explain the Law of Variable Proportions in detail?
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