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JAMB Economics 2011 Objective — Question 16

Question 16 of 49 from the Joint Admissions and Matriculation Board (JAMB) Economics 2011 Objective paper, with the correct answer and a full explanation.

The law of variable proportions is applicable only

A. A. to large-scale enterprises
B. B. to small-scale enterprises
C. C. in the short-run periodCorrect
D. D. in the long-run period

Explanation

The law of variable proportion is applicable only in the short-run.

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