Economy, asked by akakumars4829, 10 months ago

Between law of diminishing marginal production or law of returns of variable proportions of means, which term according to you, is correct and why? Explain in brief.

Answers

Answered by baby786
1

Answer:

law of diminshing returns explains that when more and more units of variable input are employed on a given quantity of fixed inputs, the total output may initially increase at increasing rate and then at a constant rate, but it will eventually increase at diminishing rates.

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