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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

See Also This Related BrainMass Solution

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.

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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