What is diminishing marginal product if you have a business
What is 'diminishing marginal product'? If you have a business and someone tells you that you've hired labor to the point that you have diminishing marginal product of labor, should you be concerned? Does this mean profits aren't being maximized?
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what is diminishing marginal product if you have a business and someone tells you that youve hired labor to the point
diminishing marginal utilityanother key concept in economics is utility as in the benefit we gain from consuming
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