Diminishing marginal productivity and the supply curve
In your own words, explain the law of diminishing marginal productivity. Be sure to mention why the law tends to hold in the short run.
Based on your readings this week, in your opinion which factors impact the supply curve for physicians the most? In your own words, explain how each factor impacts the supply curve.
Initial responses should be no less than 200 words in length not including your reference(s) and supported by at least two references (aside from the textbook).