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What is constant returns to a factor? - Economics

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प्रश्न

What is constant returns to a factor?

What do you mean by law of constant returns to a factor?

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उत्तर

Constant returns to a factor means that adding more units of a variable factor results in the same increase in output, meaning the marginal product remains unchanged. The extra use of the variable factor boosts output at a steady rate. 

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पाठ 7: Laws of Returns - Returns to a Factor and Returns to Scale - TEST YOURSELF QUESTIONS [पृष्ठ १३१]

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फ्रँक Economics [English] Class 12 ISC
पाठ 7 Laws of Returns - Returns to a Factor and Returns to Scale
TEST YOURSELF QUESTIONS | Q 27. | पृष्ठ १३१
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