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Diminishing Returns is a concept that shows up in a variety of places in microeconomics. What do economists mean by diminishing returns to an input?
"Diminishing Returns" is a concept that shows up in a variety of places in microeconomics.
What do economists mean by "diminishing returns" to an input? What causes diminishing returns? Have you ever observed this principle at work in a job you've had? Describe how you've experienced this concept in the real world
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