What do economists mean by diminishing returns to an input


What do economists mean by "diminishing returns" to an input? What causes diminishing returns? Have you ever observed this principle at work in a job you've had? Describe how you've experienced this concept in the real world.

Solution Preview :

Prepared by a verified Expert
Business Economics: What do economists mean by diminishing returns to an input
Reference No:- TGS02308489

Now Priced at $10 (50% Discount)

Recommended (97%)

Rated (4.9/5)