Discussion: Diminishing marginal returns (Due 20 September) Friday, 14 August 2020, 6:56 AM Respond to the following prompt in a post with a minimum of 150 words. Then comment on at least TWO other posts. "Diminishing Returns" is a concept, or more precisely, an empirical finding that shows up in a variety of places in microeconomics. We first encountered it in the module on utility, and then again in this module on production and costs. 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. Permalink Reply Re: Discussion: Diminishing marginal returns by Ishtiaque Ahmed CHOWDHURY - Wednesday, 9 September 2020, 7:12 PM The law of diminishing returns refers to the condition given that all other inputs are constant, once the optimal input has been reached, an additional input will yield reduced outcome. To maximize production, the increase in input will maximize the output to a certain level. Beyond that any marginal ase of input continues until the outcome becomes