wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

What is the law of return to a factor?


Open in App
Solution

Return to factor law states that keeping other factors constant and when there is an increase in the variable factor, the total product first increases at an increasing rate, then increases at a lower rate and eventually declines.


flag
Suggest Corrections
thumbs-up
38
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Total, Average, and Marginal Product
ECONOMICS
Watch in App
Join BYJU'S Learning Program
CrossIcon