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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

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1 Answers

Rahul Kumar
131 Points
9 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.

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