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Production and cost — Economics STD 12 Humanities & Commerce — Question

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsProduction and cost2 Marks
Question
From the following table find out the phase during which there are increasing returns to a factor. Give reasons for your answer:
Units of Variable Factors12345
AP (units)2024282928
✓

Answer

Increasing returns to a factor represents that with increase in units of variable inputs MP increases.
AP (units)TP (units)MP (units)
202020
244828
288436
2911632
2814032
80164
In the given schedule, MP increases till 3rd unit, hence increasing returns to a factor will be there till 3rd unit of variable input.

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