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How to Respond to the following situations Diminishing return is a concept, or more precisely, an empirical finding that shows up in a variety of
How to Respond to the following situations
"Diminishing return" is a concept, or more precisely, an empirical finding that shows up in a variety of places in microeconomics. What do economists mean by "diminishing returns" to an input? Have your ever observed this principle at work in a job you have had? Describe how you have experienced this concept in the real world.
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