Production function : Return to a factor and Return to scale?

1.	Production function : Return to a factor and Return to scale?
Answer» Answer: Returns to a FACTOR and returns to scale are two IMPORTANT laws of production. ... Returns to a factor relate to the short period production FUNCTION when one factor is varied keeping the other factor FIXED in order to have more output, the marginal returns of the VARIABLE factor diminish.

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Answer:

Returns to a FACTOR and returns to scale are two IMPORTANT laws of production. ... Returns to a factor relate to the short period production FUNCTION when one factor is varied keeping the other factor FIXED in order to have more output, the marginal returns of the VARIABLE factor diminish.

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Production function : Return to a factor and Return to scale?​

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Production function : Return to a factor and Return to scale?