Find the law of diminishing marginal productivity
What is the law of diminishing marginal productivity? Give an example from your workplace of the law of diminishing marginal productivity? Might diminishing marginal productivity impact the costs?
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What is meant by average productivity? Explain marginal productivity? Describe relationship between marginal and average productivity.
Find the law of diminishing marginal productivity? Write an example from your workplace of law of diminishing marginal productivity?
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Write the conditions for perfectly competitive market? Write down the conditions for monopolistic market? What are the conditions for monopolistic competitive market?
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