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Watch videos Diminishing Returns and the Production Function and Economies of Scale and Long-Run Costs and participate in this Discussion Forum. https://youtu.be/JdCgu1sOPDo https://youtu.be/xLSRMt-wWAM In your

Watch videos "Diminishing Returns and the Production Function" and "Economies of Scale and Long-Run Costs" and participate in this Discussion Forum.

https://youtu.be/JdCgu1sOPDo

https://youtu.be/xLSRMt-wWAM

In your response, answer the following questions.

Which two (2) economic concepts of production theory can be used by business owners to decide on key issues affecting their firms?

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