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The Law of Diminishing Returns Is a Result of the Fact

Question 78

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The law of diminishing returns is a result of the fact that more and more units of a variable input are being added to a fixed input.Because of the limitations imposed by the fixed input,at some point the productivity of additional units of the variable input must decline.

The law of diminishing returns is a result of the fact that more and more units of a variable input are being added to a fixed input.Because of the limitations imposed by the fixed input,at some point the productivity of additional units of the variable input must decline.

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