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cept of diminishing returns and describe what will happen to marginal product, total output and marginal cost when diminishing returns start to occur?...

explain the concept of diminishing returns and describe what will happen to marginal product, total output and marginal cost when diminishing returns start to occur?

please provide reference if possible

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Concept of Diminishing Returns - This economic concept can be seen in short run production when one of the factor or the... View the full answer

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When one input variable is increased,the... View the full answer

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