Progressives argue that the assumption of diminishing marginal returns

Name: Progressives argue that the assumption of diminishing marginal returns
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Progressives argue that technological advances can offset the assumption of diminishing marginal returns, meaning that as technology improves, the productivity of inputs may not necessarily decrease after a certain point. Therefore, the assumption is overwhelmed by changes in technology.

Progressives Argue That the Assumption of Diminishing Marginal Returns