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The two laws that pertain to yield are the Law of Diminishing Returns and the Yield Management Law. The Law of Diminishing Returns states that as more units of a variable input are added to a fixed input, the incremental output produced will eventually decrease. Yield Management involves optimizing pricing and inventory to maximize revenue, often used in industries like airlines and hospitality, where demand can fluctuate. Together, these concepts help businesses understand and manage production efficiency and revenue maximization.

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4w ago

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