Explain the changes that take place in total product and marginal product under increasing returns to a factor.

Explain the changes that take place in total product and marginal prod

1.	Explain the changes that take place in total product and marginal product under increasing returns to a factor.
Answer» <html><body><p></p>Solution :Under increasing returns to a factor, total <a href="https://interviewquestions.tuteehub.com/tag/product-25523" style="font-weight:bold;" target="_blank" title="Click to know more about PRODUCT">PRODUCT</a> increases at increasing <a href="https://interviewquestions.tuteehub.com/tag/rate-1177476" style="font-weight:bold;" target="_blank" title="Click to know more about RATE">RATE</a> as more and more units of a variable input are <a href="https://interviewquestions.tuteehub.com/tag/employed-2611124" style="font-weight:bold;" target="_blank" title="Click to know more about EMPLOYED">EMPLOYED</a>. As a result, <a href="https://interviewquestions.tuteehub.com/tag/marginal-555038" style="font-weight:bold;" target="_blank" title="Click to know more about MARGINAL">MARGINAL</a> product also increases.</body></html>