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Total product always increases whether t...

Total product always increases whether there is increasing returns or diminishing returns to a factor.

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True: As when there is increasing return, total product increases at increasing rate and when there are diminishing returns, total product increases at a diminishing rate.
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Diminishing returns occur:

Law Of Diminishing Returns

Increase in total product always indicates that there are increasing returns to a factor.

FULL MARKS-PRODUCTION-NCERT TEXTBOOK QUESTIONS SOLVED
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  2. When there are diminishing returns to a factor, total product first in...

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  3. Total product always increases whether there is increasing returns or ...

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  4. If marginal product rises, average product must also rise.

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  5. If marginal product falls, average product must also fall.

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  6. If marginal product becomes negative, average product must also become...

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  7. Average product will increase only when marginal product increases. ...

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  8. Under diminishing returns to a factor, total product continues to incr...

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  9. State the behaviour of marginal product in the law of variable proport...

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  10. If diminishing marginal returns will set in after the very first unit ...

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  11. Explain the differences between variable factors and fixed factors.

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  12. Explain how is it possible for marginal product to fall while average ...

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  13. Assume the marginal product for a particular good is constant. Describ...

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  14. Comment on the following statement: "When average product and marginal...

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  15. Comment on the following statement: "Diminishing returns occur when to...

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  16. A farmer in Punjab transports wheat from the farm to a flour mill. Is ...

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  17. How can the productivity of Human resources be increased?

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  18. Availability of agricultural land (fixed factor) is limited in the wor...

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  19. Though the contribution of plastic industry in GDP is more, yet why is...

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  20. Which one of the following will be treated as labour in economics? Giv...

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