Economics · Theory of Production
According to modern economists, from which point does the Law of Diminishing Returns start applying?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Where total production starts decreasing
- 2Where marginal production starts decreasing✓
- 3Where marginal production remains constant
- 4Where marginal production increases
Correct answer
Where marginal production starts decreasing
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