What is meant by return to factor? State the law of dimnishing return

1.	What is meant by return to factor? State the law of dimnishing return to a factor
Answer» Returns to a factor refers to the change in output when an additional unit of variable input is employed.The Law of Variable Proportion can be regarded to as \'Returns to a Factor\'. According to this law, as more and more of variable factor (labour) is combined with the same quantity of fixed factor (capital), then the total product increases though gradually after a point, the total product becomes smaller and smaller.The second stage of Law of Variable Proportion is referred as diminishing returns to a factor. Following are the reasons for diminishing returns.\xa0

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