Main Profile

At A Glance

Cost of production: Law of diminishing returns (TP, MP and AP)

According to the law of diminishing returns marginal product first increases, reaches a maximum and then starts to decline. Total product first increases at an increasing rate followed by a diminising rate and then starts to decline.
Length: 08:03

Contact

Questions about Cost of production: Law of diminishing returns (TP, MP and AP)

Want more info about Cost of production: Law of diminishing returns (TP, MP and AP)? Get free advice from education experts and Noodle community members.

  • Answer

Ask a New Question