Economics students often confuse (a) diminishing returns related to the variable factors of production and (b) diseconomies

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Economics students often confuse

(a) diminishing returns related to the variable factors of production and

(b) diseconomies of scale. Explain the difference between the two, and give one example of each.

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Microeconomics Private And Public Choice

ISBN: 9781305506893

16th Edition

Authors: James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

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