Assertion (A) As the proportion of one variable factor in a combination with fixed factor is increased, after a point the marginal product of the factor will diminish.
Reason (R) Beyond the level of optimum combination of inputs leads to this.
Assertion (A) As the proportion of one variable factor in a combination with fixed factor is increased, after a point the marginal product of the factor will diminish.
Reason (R) Beyond the level of optimum combination of inputs leads to this. Correct Answer (R) is appropriate reason of (A)
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Feb 20, 2025