Which of the following factors is not a cause of diminishing returns?

Assessment: WAEC SSCE - Economics - 2022 (Objective) Subject: Economics

Question 1 Report

Which of the following factors is not a cause of diminishing returns?
Answer Details
Lae of diminishing returns also known as known as law of variable proportion. It is applied to the short run analysis of production . However, the causes of diminishing returns are: fixed costs, limited demand, No change in technology,scarce factors etc.
Read lesson note on The Theory Of Production (JAMB)
Read lesson note on Theory Of Costs (JAMB)
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