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What is the law of diminishing returns?

The law of diminishing returns is when the marginal output of a production process decreases with every additional increase in a factor of production (or input), holding all other factors of production constant. 

Shyam S. GCSE Maths tutor, A Level Economics tutor, GCSE Economics tu...

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Sarswati L.

Degree: Economics (Bachelors) - Bristol University

Subjects offered: Economics, Maths+ 2 more

Economics
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“About me   I am an Economics Student at The University of Bristol. I love the subject as it's so dynamic and it's interesting to see real world application of theories and models we learn in current and past events. I really enjoy th...”

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Georgia C.

Degree: Economics and Geography (Bachelors) - Exeter University

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Economics
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“I am a student at The University of Exeter and I am studying Economics and Geography. I have been told that i have a great ability to simplify difficult maths and Economics questions to help give clear, step by step solutions. Therefo...”

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Jake A.

Degree: Natural Sciences (Bachelors) - Durham University

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“About Me: I'm an economics undergraduate at Durham University in my second year, and have had a great interest in economics, finance and money since I first studyed it 3 years ago. I also have a real passion for all things numbers, ha...”

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Shyam S.

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Degree: Economics and Finance (Bachelors) - Bristol University

Subjects offered: Economics, Maths+ 2 more

Economics
Maths
English
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“ABOUT ME:I am an Economics and FInance student at the University of Bristol! Since I started the subject back in high school I've found a keen interest for the field and I hope that my interest can spark a development for your intere...”

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