Economy, asked by Uvnar7645, 1 year ago

State the law of diminishing marginal rate ofreturns

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Answered by vamritaeunameun
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The law of diminishing returns, also referred to as the law of diminishing marginal returns, states that in a production process, as one input variable is increased, there will be a point at which the marginal per unit output will start to decrease, holding all other factors constant.

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