output increases

Why Does The Law Of Diminishing Returns Apply To So Many Different Types Of Production Why Does That Mean Increasing Marginal Costs?

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Why Does The Law Of Diminishing Returns Apply To So Many Different Types Of Production Why Does That Mean Increasing Marginal Costs? The law of diminishing marginal returns states that if every other input is held constant, increases in the variable input will eventually result in smaller increases in output. Thus, the cost of those

What Is An Example Of Diminishing Returns?

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What Is An Example Of Diminishing Returns? For example, a worker may produce 100 units per hour for 40 hours. In the 41st hour, the output of the worker may drop to 90 units per hour. This is known as Diminishing Returns because the output has started to decrease or diminish. What is diminishing returns