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29 July, 14:17

Analyze several magazine or newspaper ads to determine how the ads reflect or use the law of diminishing marginal utility. Describe your findings in specific detail.

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  1. 29 July, 17:42
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    Diminishing marginal returns is a short run concept and occurs when increases in output become smaller and smaller as more units of a variable input are combined with some fixed input. Diseconomies of scale is a long run concept and occurs when, as output increases, long-run average cost increases.
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