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Example of the Law of Diminishing Returns

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The Law of Diminishing Returns can seem counter-intuitive. What example of diminishing returns could be used to explain this concept to a friend?

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A simple example is the effect of adding additional workers to a production process. Adding a few workers might increase ...

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A straightforward example of the Law of Diminishing Returns

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Definition and example of the Law of Diminishing Returns.

The following table gives total output or total product as a function of labor units used.

LABOR TOTAL OUTPUT
0 0
1 5
2 9
3 12
4 14
5 15

a) Define diminishing returns.
b) Does the table indicate a situation of diminishing returns? Explain.

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