467,934 views
10 votes
10 votes
In what phase Increasing returns to a factor lies?

\:


User Victor Powell
by
2.9k points

2 Answers

15 votes
15 votes

Answer:

Phase 1 : Increasing Returns to factor : Tp increase at increases rate and Mp also rises

User Cowbaymoo
by
2.7k points
11 votes
11 votes

Answer:

In 1 Phase

When there is increasing returns to a factor, TP increases at increasing rate and MP also rises

Due to

  • Better Utilization of fixed factor

  • Increased Efficiency of Variable factor
User Sami Hult
by
3.4k points