What is the diminishing marginal concept, Business Economics

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What is the diminishing marginal concept

Diminishing marginal concept

Answer the following question in your own words without quoting anyone:

What is the diminishing marginal concept? Is there a parallel between diminishing marginal utility in consumption and diminishing returns in
production? Describe any similarities you see.

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Business Economics: What is the diminishing marginal concept

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Business Economics: What is the diminishing marginal concept

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