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what is the law of deminishing return
The law of diminishing return is an economic law stating that if one input in the production of a commodity is increased while all other inputs are held fixed, a point will eventually be reached at which additions of the input yield progressively smaller, or diminishing, increases in output.
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Asked 8/12/2019 6:49:24 PM
Updated 8/12/2019 7:34:29 PM
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The law of diminishing return is an economic law stating that if one input in the production of a commodity is increased while all other inputs are held fixed, a point will eventually be reached at which additions of the input yield progressively smaller, or diminishing, increases in output.
Added 8/12/2019 7:34:29 PM
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