INTRODUCTION TO ECONOMICS I (İKTİSADA GİRİŞ I) - (İNGİLİZCE) Dersi The Firm and the Cost of Production soru detayı:

PAYLAŞ:

SORU:

What is Law of Diminishing Returns?


CEVAP:

Law of Diminishing Returns :Decrease in the marginal product of a variable input. When additional units of a variable input—typically labor—are added to fixed input—typically capital— the marginal product of variable input firstly increases and then finally decreases.