Which of the following factors is not a cause of diminish...
Which of the following factors is not a cause of diminishing returns?
Increase in variable inputs
Land fragmentation
Constant technology
Technological innovations
Correct answer is D
Law 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.
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