Economy, asked by akashkaraita40470, 7 months ago

describle the law of diminishing return

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Answered by parisbabu79
1

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Answered by queensp73
1

Hello !

The law of diminishing marginal returns states that adding an additional factor of production results in smaller increases in output. After some optimal level of capacity utilization, the addition of any larger amounts of a factor of production will inevitably yield decreased per-unit incremental returns.

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