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Microeconomics

13th Edition
Roger A. Arnold
ISBN: 9781337617406

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BuyFindarrow_forward

Microeconomics

13th Edition
Roger A. Arnold
ISBN: 9781337617406
Textbook Problem

What is the difference between diseconomies of scale and the law of diminishing marginal returns?

To determine

Describe the relationship between the law of diminishing return and diseconomies of scale.

Explanation

The law of diminishing returns refers to the situation where adding more of a variable to the same amount of a fixed input will cause the marginal product of the variable input to decline.

Diseconomies of scale refers to the situation of in...

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