Micro Economics
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Law of Increasing Return OR Law of Decreasing Cost
Law of Increasing Return / Law ofDecreasing Cost
Each
firm wishes to increases its production. The firm applies many units of labor
or capital one by one in order to increase its productivity. On each additional
unit of labor or capital, the marginal production of the firm increases to a
certain extent. In this case, as the firm's costs continue to decline, the law also
known as law of decreasing cost.
Law of Increasing Return | Law of Decreasing Cost | zea tutor | Economics in Urdu/Hindi |
قانون تکثیرِ حاصل / قانون تقلیلِ مصارف:
Law of Increasing Return | zea tutor | Economics in Urdu/Hindi |
Law of Decreasing Cost | zea tutor | Economics in Urdu/Hindi |
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