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What is meant by "INCREASING AT A DECREASING / DIMINISHING RATE" In economics this has repeated many times ????


Roshan Zameer

Roshan Zameer

CMA Inter

7K+

28-Oct-20 21:01

16

Answers (1)

Letâ??s say year in 1 salary is 1 lac and in year 2 it increases to 2 lacs I.e growth of 100 % and in year 3, 5 lacs - growth 150% here salary is increasing at increasing rate. Next year salary say increases to say 7 lacs. Salary has increased from 5 to lacs but it has grown only at 40% from 150% previous year so it has increased at a decreasing rate


Sriram Somayajula

Sriram Somayajula

Admin

28-Oct-20 21:15

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