Define the law of diminishing returns. Why is this law considered a short-run phenomenon?

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Managerial Economics

ISBN: 978-0133020267

7th edition

Authors: Paul Keat, Philip K Young, Steve Erfle

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Question Posted: Jun 20, 2016 12:31 AM

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Define the law of diminishing returns. Why is this law considered a short-run phenomenon?

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The law of diminishing returns As additional units of variable i...View the full answer

Managerial Economics

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