underlying the law of diminishing returns is the assumption that technology remains
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No Change in Technology:
First of all, the law is based on the assumption that there is no change in the techniques of production. If the techniques of production undergo a change, in that case the efficiency of production would increase.
Answered by
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Answer:
No Change in Technology:
the law is based on the assumption that there is no change in the techniques of production. If the techniques of production undergo a change, in that case the efficiency of production would increase.
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