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Illustrate out the law of diminishing marginal productivity? Give an ex from your workplace/household of the law of diminishing marginal productivity?.

a) Why is the demand of labor a derived demand?

b) What is the relationship between productivity and the wages earned by an employee? What are some factors that determine the level of your income?

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M937537

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