Diminishing Returns and the Production Function- Micro Topic 3.1

rutube.ru 21.12.2023

I explain the idea of fixed resources and the law of diminishing marginal returns. I also discuss how to calculate marginal product and identify the three stages of returs: increasing, decreasing...

Diminishing Returns and the Production Function- Micro Topic 3.1

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Diminishing Returns and the Production Function- Micro Topic 3.1

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