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Commerce · Q1427

Economics

Graduate and Post Graduate · Commerce · question 1427

Q1427

Consider the following statements. 1. Point of inflexion exists where Ist stage of law of variable proportions ends. 2. TP increases even when MP is decreasing. 3. Producer will stop only at IInd stage of variable proportions. Which of the statement(s) given above is/are correct?

A.
Both 1 and 2
B.
1, 2 and 3
Answer
C.
Only 1
D.
None of the above

Answer: Option B

Solution

Answer: Option B
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