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Diminishing Marginal Returns Is Basically the Same Concept as Decreasing

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Diminishing marginal returns is basically the same concept as decreasing returns to scale..


Definitions:

Y-Intercept

The point where a line crosses the Y-axis in a graph or chart.

Pearson r

A statistical coefficient expressing the linear correlation between two variables, ranging from -1 to +1.

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Regression Equation

A mathematical formula used to predict a dependent variable based on one or more independent variables, typically in the form of Y = a + bX.

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