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Topic: Law of Marginal Returns: How Much Study? Research
Another important law in economics is the “law of marginal returns or the law of increasing costs". Discuss in terms of your study in this course, how might you know that you are at a point of diminishing returns, or where more study will not benefit you like it did before? Can you identify any of the costs discussed in this lesson in your decision about how much study is enough?
Law of Marginal Returns Students Name: Institutional Affiliation: Date: Introduction According to John 2005, the law of diminishing returns state that as an increasing amount of a variable factor is added to a fixed factor, the marginal product of the variable factor may be at first rise but must eventual