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Jesse McSweeney
on Oct 12, 2024

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Suppose you owned a 40-acre farm and worked it with two helpers.If you hired an additional six helpers,you would most likely encounter

A) increasing returns.
B) diminishing returns.
C) negative returns.

Diminishing Returns

A principle stating that if one factor of production is increased while other factors are held constant, the incremental output or benefit gained will eventually decrease.

40-Acre Farm

A piece of farmland covering 40 acres, often used historically in the context of post-Civil War land redistribution promises in the United States.

  • Acquire knowledge about the concept and effects of the law of diminishing returns in multiple areas.
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DH
Donald HowardOct 16, 2024
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