UGC NET
Ayushi Asked a Question
August 10, 2020 5:56 pmpts 30 pts
  • UGC NET
  • Economics

42. in the production function is linear homogenous of the first degree, wlth the increase in output, the marginal physical productivity of variable factor will

42. In the production function is linear homogenous of the first degree, wlth the increase in output, the marginal physical productivity of variable factor will: (1) Rise (2) Fall1 (3 (3) Remain constant (4) Rise at slower rate
  • 1 Answer(s)
Answer Now
  • 0 Likes
  • 1 Comments
  • Shares
  • Nidhi taparia Best Answer
    The correct answer is (2) Fall. When the production function is linearly homogeneous or returns to scale are constant, the law of diminishing returns to factor holds true.
    Likes(0) Reply(0)
How Eduncle Helps You ?
StudentTutorInstitutionApp
Help
FAQsPayment TermsRefund PolicyAsk Support
Head Office :
MPA 44, 2nd floor, Rangbari main Road Mahaveer Nagar II, Kota (Raj.) - 324005

Branch Office (Jaipur):
Shyam Tower, Plot No. F2, 6th Floor Amrapali Circle,
Vaishali Nagar, Jaipur, Rajasthan 302021

Mail: info@eduncle.com
All Rights Reserved © Eduncle.com