Question
Returns to a factor refers to the resultant increase in the total product when only one factor is increased, keeping all the other factors constant.
Answer: Option A
:
A
The statement is true. It measures the returns in terms of increased output when one additional unit of a factor is used, keeping all other factors constant.
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:
A
The statement is true. It measures the returns in terms of increased output when one additional unit of a factor is used, keeping all other factors constant.
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