k0atheri2ences k0atheri2ences
  • 10-03-2017
  • Business
contestada

Compare the two terms increasing marginal returns and diminishing marginal returns describe

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MissPhiladelphia
MissPhiladelphia MissPhiladelphia
  • 22-03-2017
Increasing marginal returns is the increase of output when there is an addition of variable input aside from the fixed input over a short period. Diminishing returns is the decrease of output when there is an incremental increase of one production factor while other factors remained constant. 

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