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Does the law of diminishing marginal utility hold for all goods and services we buy and consume? What are the exceptions? As a manager, what
Does the law of diminishing marginal utility hold for all goods and services we buy and consume? What are the exceptions? As a manager, what are some practical things you could do to raise marginal product per employee that also benefit the firm? In your answer use a company you currently work for or one you worked for in the past. Give specific examples and discuss how diminishing marginal productivity affect marginal revenues and profits of firms
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