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Using an isoquant map- illustrate the concept of diminishing returns-.pdf

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Using an isoquant map, illustrate the concept of diminishing returns. (Hint: Fix the capital amount on your graph and observe what is happening to the slope of successive isoguants at that capital level.).

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Using an isoquant map, illustrate the concept of diminishing returns. (Hint: Fix the capital amount on your graph and observe what is happening to the slope of successive isoguants at that capital level.)

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  • 1. Using an isoquant map, illustrate the concept of diminishing returns. (Hint: Fix the capital amount on your graph and observe what is happening to the slope of successive isoguants at that capital level.)