Econ 210 - Assn 3-3 - "Output increases at a...

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Econ 210 - Assignment 3-3 Assignment 3-3 Complete two characteristics of a penny. Since 1864 there has been 3 different weights (Mass) to the American penny: 1864 - 1982 3.11g 1943 2.67g 1982 - Present 2.50g The thickness of an American penny is 1.55mm. How does this activity relate to the principle of diminishing returns?
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Unformatted text preview: "Output increases at a decreasing rate," meaning there is only many characteristics of a penny. The more people post the fewer the list of characteristics to choose from. This activity does relate to the principle of diminishing returns....
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This note was uploaded on 02/11/2012 for the course ECON 210 taught by Professor Mrfranklin during the Spring '11 term at Rosalind Franklin University of Medicine & Science.

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