Diminishing Returns and the Production Function- Micro Topic 3.1

Описание: I explain the idea of fixed resources and the law of diminishing marginal returns. I also discuss how to calculate marginal product and identify the three stages of returs: increasing, decreasing, and negative returns. For more econ stuff, visit my website www.ACDCEcon.com

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By the way, I had some songs from West Side Story in my head while I was filming.