Answer to Question #292325 in Macroeconomics for baka

Question #292325

Explain law of diminishing returns



1
Expert's answer
2022-01-31T10:11:48-0500

It states that if one input in the production of a commodity is increased while other inputs are held constant, a point will be reached at which additions of the input yield progressively smaller, or diminishing, increase in output.


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