Increasing return to a factor
Describe the likely behaviour of total product beneath the phase of increasing return to a factor.
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Increasing return to a factor is the first level of Law of return to a factor. Whenever more and more units of a variable factor is joined with fixed factor up to a certain phase, the total physical product increases along with increasing rate.
Market supply: It refers to the sum of all outputs of all producers of a good at a price throughout a given time period.
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The year in that a long-run trend towards greater equality within the U.S. income distribution was reversed, therefore income since then has become less equally distributed, it was roughly: (w) 1945. (x) 1960. (y) 1975. (z) 1990. Discover Q & A Leading Solution Library Avail More Than 1446658 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1930817 Asked 3,689 Active Tutors 1446658 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
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