A level north west regional mock gce 2022 economics 3
A level north west regional mock gce 2022 economics 3
a) Complete the table above. .
b) State the law1 of variable proportions.
c) List three assumptions of the law of variable proportions.
d) From the table above, identify the range of employment where production
it increasine marginal returns,
li) decreasing marginal returns.
e) If the firm were producing in the long
i) likeiv happen to the inputs?
ii) be the three possible returns?
