Multiple Choice Questions on Identify the phase in which TP increases at an increasing rate and MP also increases ........ for Common University Entrance Test (CUET) Preparation

Back to Main Page

Multiple Choice Questions

Identify the phase in which TP increases at an increasing rate and MP also increases ........

Economics (CUET) Theory of Production and Cost
    Download Solution PDF

    Identify the phase in which TP increases at an increasing rate and MP also increases.

     

    Increasing returns to a factor.
     

    Correct Answer

    Diminishing returns to a factor
     

    Incorrect Answer

    Negative returns to a factor
     

    Incorrect Answer

    None of these.

    Incorrect Answer
    छोटे Courses बड़े Results
    Master Theory of Production and Cost
    Prepare through Micro-courses
    Try Now
    Explanation:

    Option (1) is correct.
    Explanation: There are three phases in returns to a factor. In the first phase, i.e., increasing returns to a factor where in TP increases at an increasing rate and MP also increases.

    By: Parvesh Mehta
    ProfileResources

    Let's Discuss

    Master
    Theory of Production and Cost
    With abhipedia
    Micro Courses
    Try Now
    What our students have to say
    Review on us
    Download Abhipedia Android App

    Access to prime resources

    Downlod from playstore
    download android app download android app for free