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What do economists mean by “diminishing returns” to an input? What causes diminishing returns? Have you...

What do economists mean by “diminishing returns” to an input? What causes diminishing returns? Have you ever observed this principle at work in a job you’ve had? Describe how you’ve experienced this concept in the real world.

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THEY mean as we increase more and more units of input output starts increasing by lesser and lesser amount beyound some point. This is caused because some factors remain fixed in shortrun.As a result factor proportions are not optimal. Also other reason is factors of production are not perfect substitutes

In real world I see that as I devote more time to studies the increase in grades don't match effort. Further in real life I saw in my official work my efficiency in ms excel falls as I devoute more and more time per day on it

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