The economic theory, supported by empirical evidence, that as the amount of any one input is increased, holding all other inputs constant, the amount that output increases for each additional unit of the expanding input will generally decrease.
Related information about diminishing marginal returns:
- Diminishing returns - Wikipedia, the free encyclopedia
In economics, diminishing returns (also called diminishing marginal returns) is the decrease in the marginal (per-unit) output of a production process as the ...
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Definition of diminishing marginal returns: The economic theory, supported by empirical evidence, that as the amount of any one input is increased, holding all ...
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Law of Diminishing Marginal Returns. A problem of congestion emerges as your organization grows. Your dump trucks' passenger compartments become ...
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... zero pounds to one (diminishing marginal returns). Applying three pounds of fertilizer may still increase the harvest, but perhaps by only a very little bit over the ...
- diminishing marginal returns
An economic theory that states as additional inputs are put into production,...