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Thursday, 11 June 2026
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The law of diminishing returns applies mainly in:

The law of diminishing returns applies mainly in:
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A International trade
  • B Short-run production
  • C Banking operations
  • D Population theory
Correct Answer: Option B
Explanation:
The law states that adding more variable inputs to fixed inputs eventually reduces marginal output.

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