Diminishing marginal returns
Revision as of 01:02, 1 June 2020 by Kevmwangi (talk | contribs) (Created page with "Diminishing marginal returns is when the marginal gain in output diminishes as each additional unit of input is added. ==Definition== According to Principles of Economi...")
Diminishing marginal returns is when the marginal gain in output diminishes as each additional unit of input is added.
Definition
According to Principles of Economics by Timothy Taylor (3rd edition),
- Diminishing marginal returns. When the marginal gain in output diminishes as each additional unit of input is added.
