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MICRO 1.4 Production, costs and revenue > 4.3 The law of diminishing returns and returns to scale > Flashcards

4.3 The law of diminishing returns and returns to scale Flashcards

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MICRO 1.4 Production, costs and revenue (8 decks)

4.1 Production and productivity

4.2 Specialisation, division of labour and exchange

4.3 The law of diminishing returns and returns to scale

4.4 Costs of production

4.5 Economies and diseconomies of scale

4.6 Marginal, average and total revenue

4.8 Technological change

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