What does 'Diminishing Returns' refer to in economics?

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Economics · Economics

Verified Solution4 OptionsUpdated: October 2026👁️1 View

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Decreasing average product of variable factor

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Answer 1

Increasing average product of variable factor

Answer 2

Decreasing average product of variable factor

Answer 3

Decreasing average product of fixed factor

Answer 4

Increasing total product of fixed factor

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