The law of variable proportions is drawn under all of the assumptions mentioned below except the assumption that:
A. The technology is changing.
B. There must be some inputs whose quantity is kept fixed.
C. We consider only physical inputs and not economically profitability in monetary terms.
D. The technology is given and stable.
Answer:A
The law of variable proportions is drawn under all of the assumptions mentioned below except the assumption that:
A. The technology is changing. B. There must be some inputs whose quantity is kept fixed. C. We consider only physical inputs and not economically profitability in monetary terms. D. The technology is given and stable.