Variable proportions

Variable proportions

Bachelor of Business Studies (BBS) — First Year

Subject: Microeconomics for Business (MGT 207)

Unit 5: Theory of Production

Academic Year: 2083/84

Topic Objectives

After studying this topic, students should be able to:

• Explain the scope and key elements of variable proportions.
• Explain the economic reasoning and use appropriate diagrams or relationships in business analysis.

Curriculum Scope

• Law of variable proportions

Detailed Microsyllabus

1. Variable proportions

   1. Change a variable input while other inputs remain fixed.
   2. Total, average and marginal product.
   3. Stages of production.

2. Law and business interpretation

   1. Increasing, diminishing and negative marginal returns.
   2. Relationships among product measures.
   3. Identify the economically relevant stage under the stated conditions.

---

Curriculum reference: Tribhuvan University, Faculty of Management, BBS curriculum with first-year syllabus, PDF pages 17-19.

Source note: The curriculum scope above is retained from the existing TU syllabus breakdown. The numbered study subtopics are editorial elaborations for teaching and study, rather than a separately issued TU syllabus. Unit lecture hours apply to the whole unit; no separate topic hours or marks are assigned here. The programme subject list identifies this course as MGT 207; the detailed subject heading in the source prints MGT 203.