Law of diminishing returns
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the law of diminishing returns states that as input variable is increased, there is a point at which a marginal increase in output begins to decrease, holding all other input constant. at the point where the law sets in, the effectiveness of each additional unit of input decreases
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The law of diminishing returns states that as one input variable is increased, there is a point at which the marginal increase in output begins to decrease, holding all other inputs constant. At the point where the law sets in, the effectiveness of each additional unit of input decreases.
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