MadhuPandeikar
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What is law of diminishing marginal product?

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I have mentioned the question above in the book language. What I found in the NCERT Solution for Economics class 12. So that students who already got the answer and understand it and can share the thought please!!

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1 Answer

  1. The law states, ‘If we keep increasing the employment of an input (Like labour, raw material) with other inputs fixed, eventually a point will be reached after which additional output of that input will start falling’.

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