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Return to a factor means ______. - Economics

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Question

Return to a factor means ______.

Options

  • quantity of only one factor is changed

  • quantity of all factor inputs is changed

  • fixed factors are changed but variable factors are kept constant

  • both fixed and variable factors are changed in equal proportion

MCQ
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Solution

Return to a factor means quantity of only one factor is changed.

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Chapter 7: Laws of Returns - Returns to a Factor and Returns to Scale - TEST YOURSELF QUESTIONS [Page 130]

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Frank Economics [English] Class 12 ISC
Chapter 7 Laws of Returns - Returns to a Factor and Returns to Scale
TEST YOURSELF QUESTIONS | Q 2. | Page 130
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