Economy, asked by vanishgupta2003, 28 days ago

law of dimnishing returns to factor operates in the long run true or false

Answers

Answered by ashokmohantytsal37

2

Answer:

The law of diminishing returns is a long-run concept. The marginal product of the variable input is at a maximum at the level of output that corresponds to the inflection point on the short-run production function. ... When an input's average product exceeds its marginal product, average product is increasing.

Answered by Saumyaa16

1

Explanation:

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