what relation is there if any between the law of diminishing returns a – InterviewSolution

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1.	what relation is there if any between the law of diminishing returns and internal and external economies of scale
Answer» An economy of SCALE is a microeconomic term that refers to factors driving PRODUCTION costs down while increasing the volume of output. ... Internal economies of scale are firm-specific—or CAUSED internally—while external economies of scale occur BASED on larger changes OUTSIDE the firm

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