Factors of Production

The opportunity cost of a factor of production is

4 units of a factor of production produce 100 units of output, and 5 units produce 120 units of output, Calculate MP of that factor.

Explain the followings as factors affecting the choice of capital structure. (i) Nature of business (ii) Scale of operations (iii) Seasonal factors (iv) Production cycle.

n Factor OF Reaction and Product in given Reaction e || Various Solved Examples and Useful Information

When there are diminishing returns to a factor, total product first increases and then starts falling.