Economy, asked by boudhhmssanskriti, 4 months ago

explain the law of diminishing retunes with help of imaginary schedule and diagram​

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Answered by Anonymous
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Answered by Waymaker

  • Law of diminishing returns explains that when more and more units of a 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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