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Diminishing Returns and the Production Function- Micro Topic 3.1
5:54
YouTubeJacob Clifford
Diminishing Returns and the Production Function- Micro Topic 3.1
I explain the idea of fixed resources and the law of diminishing marginal returns. I also discuss how to calculate marginal product and identify the three stages of ...
1.9M viewsNov 12, 2015
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