![]() ![]() Total production continues to increase at a diminishing rate at point C. This stage is known as the stage of diminishing returns. ![]() When marginal production cuts average production at the maximum when average producti9on is maximum and it is equal to marginal production there LA is the boundary line of first stage causes of increasing returns is specialization and division of labour innovation better use of factors swing of cost and time. Marginal production all increases and average production increases the first stage comes to an end. Total production increases initially at an increasing rate. It is called the stage of increasing returns. This law generally divided into three stages which are explained below. The law of variable proportion can be explaining with the help of the following table and diagram. Change in proportion of factors in production.All units of the variables factors are homogeneous.One factor of production is variable while other factors are assumed to be fixed.It is a short period of production function.The law of variable proportion is best upon the following assumptions. The classical economist called it the law of diminishing returns, According to Benham “As the proportions of one factor in a combination of factors increase after a point first the marginal and then the average product of the factors will diminish. It is a short period of production function. In other words, the law of variable proportion states that if the input one factors increase the input of other factors are held constant. This law examines the output and input relation when the number of single variables factors is changed, keeping the number of other factors constant. Kelley Robinson, president of LGBT civil rights group Human Rights Campaign, called Friday's decision "a deeply troubling crack in our progress and should be alarming to us all.The law of variable proportion occupies an important place in economic theory. Its current Anti-Discrimination Act bars businesses open to the public from denying goods or services to people because of race, gender, sexual orientation, religion and certain other characteristics.Ĭolorado argued that its Anti-Discrimination Act regulates sales, not speech, to ensure "equal access and equal dignity." Smith thus is free to sell whatever she wants, including websites with biblical passages stating an opposite-sex vision of marriage. Public accommodations laws exist in many states, banning discrimination in areas such as housing, hotels, retail businesses, restaurants and educational institutions. And so on," Sotomayor wrote.įriday's decision followed one in 2018 in which the justices ruled in favor of a Denver-area baker who refused based on his Christian views to make a wedding cake for a gay couple. A large retail store could reserve its family portrait services for 'traditional' families. A stationer could refuse to sell a birth announcement for a disabled couple because she opposes their having a child. "A website designer could equally refuse to create a wedding website for an interracial couple, for example. Sotomayor warned that the ruling could cause a ripple effect of discrimination, particularly since the case was decided on free speech grounds, rather than religious rights. Smith called Friday's ruling a victory for all Americans, adding, "Colorado can't force me or anyone to say something we don't believe." She preemptively sued Colorado's civil rights commission and other state officials in 2016 because she said she feared being punished for refusing to serve gay weddings under Colorado's public accommodations law. Smith, who lives in the Denver suburb of Littleton, is an evangelical Christian who has said she believes marriage is only between a man and a woman. A 2020 ruling found that a federal law barring workplace discrimination protects gay and transgender employees. A 2015 decision legalized gay marriage nationwide. The justices in recent years had backed LGBT rights in major cases, though the court has since moved rightward. "More broadly, today's decision weakens long-standing laws that protect all Americans against discrimination in public accommodations - including people of color, people with disabilities, people of faith and women," Biden added. "In America, no person should face discrimination simply because of who they are or who they love," Biden said in a statement, adding that he fears the ruling could invite more discrimination. ![]()
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