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1) Explain the Law of Diminishing Returns with a relevant example. 2) when most people want to know the cost of an item or a

1) Explain the Law of Diminishing Returns with a relevant example. 2) when most people want to know the cost of an item or a service, they look for a price tag. When economists want to determine cost, they go one step further. They use the idea of opportunity cost. Explain the concept of opportunity cost with an example

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