Define and explain lsquolaw of diminishing returns with the


1. Define and explain ‘Law of Diminishing Returns with the help of diagram. What are the different stages of production in the short run? 

2. Define and explain ‘Price Discrimination (PD)’ with the help of diagram. Also give examples of Price Discrimination from the real world?   

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Business Economics: Define and explain lsquolaw of diminishing returns with the
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