Define the law of diminishing returns. Why is this law considered a short-run phenomenon?

Question:

Define the law of diminishing returns. Why is this law considered a short-run phenomenon?
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Managerial Economics

ISBN: 978-0133020267

7th edition

Authors: Paul Keat, Philip K Young, Steve Erfle

Question Posted: