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» Solution :Under increasing returns to a factor, total PRODUCT increases at increasing RATE as more and more units of a variable input are EMPLOYED. As a result, MARGINAL product also increases.