Economy, asked by Mitanshsharma029, 2 months ago

Increase in TPP always indicates that there are increasing returns to a factor.

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Answered by apoonia256

Answer:

False. It is not necessary that increase in total product always indicate that there are increasing returns to a factor as in the stage of dimnishing returns to factor total product also increases but at dimnishing rate.

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Increase in TPP always indicates that there are increasing returns to a factor.​

Answers

Increase in TPP always indicates that there are increasing returns to a factor.