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What Is the Difference Between Diminishing Marginal Returns and Diseconomies

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Essay

What is the difference between diminishing marginal returns and diseconomies of scale?


Definitions:

Drug Tolerance

Drug tolerance occurs when an individual's physiological reaction to a specific drug diminishes with repeated use, leading to the need for higher doses to achieve the same effect.

New Environment

An unfamiliar or changed setting or context that requires adaptation and may affect behavior, emotions, and cognitive processes.

Conditioned Response

A learned response to a previously neutral stimulus that, after becoming associated with an unconditioned stimulus, elicits a reaction.

Sensory Systems

Complex networks of neurons and receptor cells responsible for detecting and processing sensory information from the environment.

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