What causes miller to experience diminishing marginal return

Reference no: EM133614090

Problem: Miller press has three pieces of equipment. What causes miller to experience diminishing marginal returns as they hire more labor to produce more output? Also how would the supply of the firm be impacted if diminishing marginal returns nevre set in? Explain based on how costs would be impacted and how this relates to supply.

Reference no: EM133614090

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