Download App

Production and cost — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsProduction and cost3 Marks
Question
Give meaning of “Return to a Factor”.
✓

Answer

Return to a factor states that change in the physical output of a good when only the quantity of one input is increased, while that of other input is kept constant.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "3 Marks Question" from Production and cost→Production and cost — all question types→Economics STD 11 Commerce question papers→CBSE Board STD 11 Commerce question papers→CBSE Board question paper generator→

Similar questions

Due to a 10 per cent fall in the price of a commodity, its quantity demanded rises from 400 units to 450 units. Calculate its price elasticity of demand.
→
From the following schedules, calculate the price elasticity of supply:
Price per unit(₹) Quantity Supplied
2 40
3 60
→
What is the average product of an input?
→
What is the ‘price line’?
→
Explain and illustrate with the help of a diagram, the effect of change in supply on the equilibrium price of a commodity.
→
Explain the relationship between Marginal Revenue (MR) and Total Revenue (TR).
→
Why is an Indifference curve generally convex to the origin?
→
Why AR curve (demand curve) under monopolistic competition is more elastic than AR curve under monopoly?
→
Does a change in consumer's taste lead to a movement along the demand curve or a shift in the demand curve? Does a change in price lead to a movement along the demand curve or a shift in the demand curve?
→
Explain the meaning of 'minimum' price ceiling and its implications.
→