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प्रश्न
What is the law of diminishing returns?
What do you mean by decreasing returns to a factor?
लघु उत्तरीय
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उत्तर
Diminishing returns to a factor means that each extra unit of a variable factor produces less and less output. In other words, the marginal product decreases as more of the factor is used. In this case, output usually rises but at a slower pace as more of the variable factor is added to the fixed factor.
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