Define and explain lsquolaw of diminishing returns with the, Business Economics

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Define and explain lsquolaw of diminishing returns with the

1: Define and explain ‘Law of Diminishing Returns with the help of diagram. What are the different stages of production in the short run?

2: Define and explain ‘Price Discrimination (PD)’ with the help of diagram. Also give examples of Price Discrimination from the real world?

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