Is law of return to factor and law of variable proportion same?
YA. LAW OF VARIABLE PROP. AND LAW OF RETURN TO A FACTOR IS SAME. IT EXIST DURING THE SHORT RUN WHEN ON FACTOR I.E. FIXED FACTOR I.E. CAPTIAL IS CONSTANT.
Is law of return to factor and law of variable proportion same?
YA. LAW OF VARIABLE PROP. AND LAW OF RETURN TO A FACTOR IS SAME. IT EXIST DURING THE SHORT RUN WHEN ON FACTOR I.E. FIXED FACTOR I.E. CAPTIAL IS CONSTANT.