Consider Chapter 7, the nature of production, and the law of diminishing returns. In that law,...

Consider Chapter 7, the nature of production, and the law of diminishing returns. In that law, we see increasing returns at the start of production, after which production exhibits diminishing returns (increases slowly) until production reaches its peak. Then, production will exhibit negative returns if we attempt to push beyond that. Now, think about your work day - it could be a work day at your place of employment or a work day of school activities or a workday at home if you are a homemaker. Provide an example of how your work day exhibits increasing returns, diminishing returns and then negative returns. Be sure to explain how all these THREE different types of returns would happen. You may not conclude that you are somehow missing one of the three types of returns.

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Rahul Sunny answered 1 year ago

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