What are the causes of return to diminishing returns to a factor?

1.	What are the causes of return to diminishing returns to a factor?
Answer» Answer: Law Of Diminishing Returns: Assumptions, Explanation, Causes, Importance and Limitations! Assumptions: The main assumptions of the law are: 1. No Change in Technology: First of all, the law is based on the assumption that there is no change in the techniques of production. If the techniques of production undergo a change, in that case the efficiency of production would increase. Therefore, this law APPLIES only if there is no change in the method of technology. 2. Short Period: The law is applicable in the short run as supply of one or the other factor cannot be increased within the short span of time. Thus, they are considered fixed. 3. HOMOGENEOUS Units: All units of variable factors of production are assumed to be homogeneous. 4. MEASUREMENT of Product. The output is measured in PHYSICAL units LIKE tones, kilograms etc. mark as brainliest plzz

Answer»

Answer:

Law Of Diminishing Returns: Assumptions, Explanation, Causes, Importance and Limitations!

Assumptions:

The main assumptions of the law are:

1. No Change in Technology:

First of all, the law is based on the assumption that there is no change in the techniques of production. If the techniques of production undergo a change, in that case the efficiency of production would increase. Therefore, this law APPLIES only if there is no change in the method of technology.

2. Short Period:

The law is applicable in the short run as supply of one or the other factor cannot be increased within the short span of time. Thus, they are considered fixed.

3. HOMOGENEOUS Units:

All units of variable factors of production are assumed to be homogeneous.

4. MEASUREMENT of Product.

The output is measured in PHYSICAL units LIKE tones, kilograms etc.

mark as brainliest plzz

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