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Law of diminishing returns

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III - ACSAD Economics Report

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LAW OF DIMINISHING RETURNS
The law states that when successive units of a variable input work with a fixed input beyond a certain point the additional product produced by each additional unit of a variable, input decreases.
Law of diminishing returns
Law of diminishing returns

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Law of diminishing returns

  • 2. The law states that when successive units of a variable input work with a fixed input beyond a certain point the additional product produced by each additional unit of a variable, input decreases.