About this document
Diminishing Returns - Wikip.. by Kumar is a document available to read on EtoBox.
Diminishing returns refers to how marginal production of a factor of production starts progressively decreasing as the factor is increased. This concept is also known as the law of diminishing marginal returns or the law of increasing relative cost. Explaining exactly why this law holds true has sometimes proven problematic.
- Author
- Kumar
- Language
- EN