Law of Production does not include ________

CA Foundation · Business Economics · MTP · September 2025
Law of Production does not include ________
(A) A. Least Cost Combination of factors
(B) B. Law of variable proportion
(C) C. Law of diminishing returns to a factor
(D) D. None of these

Suggested Answer and Working Notes:

Correct Answer: Option (A)

A. Least Cost Combination of factors

Topics: Theory of Production and Cost

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