English, asked by halamlalmangaithang, 3 months ago

what is meant by deminishing returns to a factor ? Explain its causes?

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Answered by jaiswalshreyaranju

0

Answer:

Deminishing returns to a factor is the phase of production whereis as more an more units of a variable factor are employed the MP decreases with each additional unit of employment (i) Over utilisation of the fixed factor. (ii) Imperfect Substitution of factors

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