Law of Production does not include ____

CA Foundation · Business Economics · MTP · June 2024
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. Return to scale

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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