Question

The law that determines the best uses of limited resources among alternative uses is known as:

Q: Answer-The law that determines the best uses of limited resources among alternative uses is known as:

It is referred to as the law which states that when the quantity of one factor of production is increased, while keeping all other factors constant, it will result in the decline of the marginal product of that factor.

A Law of equi- marginal returns

B Law of supply

C Law of demand

D Law of variable proportion

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The law that determines the best uses of limited resources among alternative uses is known as:

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