states that as more and more units of variable factors are combined with the fixed factor a nb...........

Economics (CUET) Theory of Production and Cost

___________states that as more and more units of variable factors are combined with the fixed factor, a stage must ultimately come when marginal product of the variable factor starts declining.

Law of variable proportion

Law of diminishing returns

Law of returns to scale

None of the above

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Explanation:

28. Option (1) is correct.
Explanation: Law of variable proportion states that as more and more units of a variable factor are combined with the factor, then stage must ultimately come when marginal product
of the variable factor starts declining.