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How is a firm's demand curve for a particular variable factor constructed? How is a firm's demand curve for a particular variable factor constructed?

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Old Wednesday, January 09, 2013
tahreem syed1's Avatar
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Default How is a firm's demand curve for a particular variable factor constructed?
Q.3 How is a firm's demand curve for a particular variable factor input constructed when thee is:
i) only one variable input
ii) two variable input in the productivity process?(2010 paper)
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Old Tuesday, January 29, 2013
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here the law of variable proportion is used. the curve will be increasing but with a deminishing rate. after a certain level it will reach to its peak and become constant and at the end it will start decreasing.
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