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The law of diminishing marginal returns sets in because not all workers are equally productive. applies only in the short run. OOOO holds even when
The law of diminishing marginal returns sets in because not all workers are equally productive. applies only in the short run. OOOO holds even when there are no fixed factors. ultimately explains why production displays diseconomies of scale
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International Economics Theory and Policy
Authors: Paul R. Krugman, Maurice Obstfeld, Marc J. Melitz
9th Edition
978-0132146654, 0132146657, 9780273754091, 978-0273754206
