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state the law of diminishing returns

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state the law of diminishing returns

    • Posted by Shubham Kumar 7 years, 10 months ago

    CBSE > Class 12 > Economics
    • 1 answers

    Aishwarya B 7 years, 10 months ago

    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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