The three stages of the law of variable proportion can be referred to as the stages of

CA Foundation · Business Economics · PYQS · May 2026
The three stages of the law of variable proportion can be referred to as the stages of
(A) A. Increasing returns, optimum returns & nil returns
(B) B. Positive returns, diminishing returns & nil returns
(C) C. Increasing returns, diminishing returns & negative returns
(D) D. Negative returns, nil returns & positive returns

Suggested Answer and Working Notes:

Correct Answer: Option (C)

C. Increasing returns, diminishing returns & negative returns

Topics: Theory of Production and Cost

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