Explain law of deminising returns, Microeconomics

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Explain law of deminising returns

Discussion:

1. What marginal costs does University of Phoenix incur in offering one more ECO/561 class? What marginal revenues does University of Phoenix earn from each additional ECO/561 class? How would you expect this marginal analysis to affect the volume of classes University of Phoenix offers? Does University of Phoenix maximize profits?

2. Explain Law of Deminising Returns

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Microeconomics: Explain law of deminising returns

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Microeconomics: Explain law of deminising returns

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