"Returns to a factor" refers to the effect on total output of changes in:

CA Foundation · Business Economics · MTP · June 2024
"Returns to a factor" refers to the effect on total output of changes in:
(A) A. One factor only
(B) B. Various inputs separately
(C) C. All the inputs simultaneously
(D) D. None of the above

Suggested Answer and Working Notes:

Correct Answer: Option (A)

A. One factor only

Topics: Theory of Production and Cost

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