Utme Economics Weekly Assessment (jan 31 25)

The law of variable proportions is applicable only

What is the law of variable proportions?

What is another name for the law of variable proportions?

Which of the following is an example of the law of variable proportions?

What is the importance of the law of variable proportions in economics?

At what point does the law of variable proportions come into effect?

If P = 14(Qs + 10). What is the quantity supplied at N14?

If the demand for one commodity excludes another, it is said to be

If demand increases without a change in supply, equilibrium price and quantity will

In the process of production, total output is at maximum when