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Answer to Question #154123 in Economics for Priya Jaggernauth

Question #154123

state the law of diminishing marginal return.


1
Expert's answer
2021-01-07T10:53:35-0500

The law of diminishing marginal returns is a theory in economics that predicts that after some optimal level of capacity is reached, adding an additional factor of production will actually result in smaller increases in output.


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