Guest

Hi, Please help me with this question Discuss the "law of diminishing returns" with your friend

Hi, Please help me with this question


Discuss the "law of diminishing returns" with your friend

Grade:

1 Answers

Rahul Kumar
131 Points
10 years ago

The law of diminishing returns (also law of diminishing marginal returns or law of increasing relative cost) states that in all productive processes, adding more of one factor of production, while holding all others constant, will at some point yield lower per-unit returns. The law of diminishing returns does not imply that adding more of a factor will decrease the total production, a condition known as negative returns, though in fact this is common.

Think You Can Provide A Better Answer ?

Provide a better Answer & Earn Cool Goodies See our forum point policy

ASK QUESTION

Get your questions answered by the expert for free