Overview
Another important law in economics is the "law of marginal returns or the law of increasing costs". After completing the assigned readings, please share your understanding of the law of diminishing marginal returns. Also, based on what is discussed in the assigned readings, how might a business manager know that his or her plant is at a point of diminishing returns? What is the link between diminishing returns and cost?
Submit your initial post by midnight, Day 3. Please respond to two of your classmates' posts by midnight, Day 7.