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In the law of diminishing returns, we see increasing returns at the start of production, production then exhibits diminishing returns until it peaks, and then will exhibit negative returns if we attempt to push beyond that. Now, think about your work day - it could be a work day at your place of employment or a work day of school activities or a workday at home if you are a homemaker. Provide two examples of how your work day exhibits increasing returns, diminishing returns and then negative returns. Be sure to explain how all these different types of returns would happen.

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M91725397

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