(a) (i) Explain the law of variable proportions.
(2 marks)
(ii) Outline the assumptions that underlie this law.
(3 marks)
(iii) Explain the significance of the law in (a) above in the management
and economic policy decision making process.
(4 marks)
(b) (i) What are the main causes of inequality of distribution of national income.
(5 marks)
(ii) Explain the arguments in favour of distribution of national income.
(5 marks)
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