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Answer to Question #209098 in Macroeconomics for short-stuff
Question #209098
what is the term of; businesses do not maximize output from the given inputs
Expert's answer
Diminishing returns.
Even when input of production is increases, it results into decreased output.
Learn more about our help with Assignments: Macroeconomics
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#339914 on Dec 2023
#339914 on Dec 2023
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