The law of diminishing marginal productivity . ... Increasing returns to scale exist when 100 ... The ratio of the marginal product of unskilled labor to the ...

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Law of Increasing Returns/Law of Diminishing Cost: (Version of Classical and Neo Classical Economists): Definition and Explanation:

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Explain how the law of diminishing returns and returns to scale affect a firm’s cost of production (20 Marks) The law of diminishing returns exist when increasing ...

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Increasing Returns to Scale When our inputs are increased by m, our output increases by more than m. Constant Returns to Scale

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... and Law of Diminishing returns to Scale. If output increases by that same proportional change ... there are increasing returns to scale ... you agree to the Terms ... - Read more