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What do you mean by "Return …

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What do you mean by "Return to Factor"
  • 4 answers

Sumit Pal 7 years ago

It is a short run law of production in which some factors inputs are variable as some factors inputs are fixed.

Yogita Ingle 7 years ago

Returns to a factor It refers to the behaviour of output when only one variable factor of production is increased in short-run and fixed factors remain constant.
Law of diminishing returns to a factor It refers to a situation in which total output increases at a diminishing rate when more and more variable factor is combined with the fixed factor of production. In this situation, Marginal Product of the variable factor must be diminishing.

Anjali Parsad 7 years ago

When land is a fixed factor and labour is a variable factor and the farmer is producing wheat. Since land is fixed factor, he can produce more of wheat only by using more and more of labour

Pratibha Gautam 7 years ago

In this all factors are fixed . They are short run
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