how diminishing returns influences
the shapes of the variable-cost and total-cost curves
the law of diminishing returns states that as a set of variable factors is added to a set of fixed factor, the marginal product and average product will first increase then eventually decrease
All factors of production are variable in the long run.
Solve log7 (X+1) + log7 (x-5)=1
why law of diminishing returns is considered a short-run phenomenon?
Three stages of production are increasing marginal returns, diminishing marginal returns, and negative marginal returns.
the law of diminishing returns states that as a set of variable factors is added to a set of fixed factor, the marginal product and average product will first increase then eventually decrease
All factors of production are variable in the long run.
Solve log7 (X+1) + log7 (x-5)=1
why law of diminishing returns is considered a short-run phenomenon?
It is the same as Law of Diminishing Returns. Which is the postulate that as more units of a variable resource are combined with a fixed amount of other resources, using additional units of the variable resource will eventually increase profit only at a decreasing rate.
Three stages of production are increasing marginal returns, diminishing marginal returns, and negative marginal returns.
No. Fundemantaly returns increase with risk, they do not diminish.
a]increasing marginal returns b]diminishing returns c]negative returns
Thomas Malthus
Thomas Malthus
Exploitation to the point of diminishing returns.
law of diminishing returns