Which one of the following is not an assumption of law of variable proportion?

CA Foundation · Business Economics · MTP · January 2025
Which one of the following is not an assumption of law of variable proportion?
(A) A. Technology of production remains unchanged.
(B) B. Only physical inputs & output are considered.
(C) C. All units of variable factors are different.
(D) D. The must be some inputs whose quantity is kept fixed.

Suggested Answer and Working Notes:

Correct Answer: Option (C)

C. All units of variable factors are different.

Topics: Theory of Production and Cost

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