Provide a business example to explain the concept “diminishing marginal return”.In order to maximize the profit, what decision do you think is the most important one?
Address questions related to “Producer Theory and Market Structure” 1. Provide a business example to explain the concept “diminishing marginal return”. 2. In order to maximize the profit, what decision do you think is the most important one? 3. Can business making zero economic profit, but still keep running? And why?