Yes, In my decision about how much output to produce two years from now, I would use the principle of diminishing returns because in the short run some inputs are fixed.
What is principle of diminishing return?
The law of diminishing returns can be described as the economic principle that state that investment will increases, as well as the rate of profit from that investment, but at a point it will begins to reduce with other variables remain constant.
In the case, above, I would use the principle of diminishing returns because in the short run some inputs are fixed.
Learn more on diminishing returns at:
https://brainly.com/question/19070161
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