marginal return

What Are Diminishing Marginal Returns Of Labor?

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What Are Diminishing Marginal Returns Of Labor? Diminishing marginal returns is an effect of increasing input in the short run after an optimal capacity has been reached while at least one production variable is kept constant, such as labor or capital. The law states that this increase in input will actually result in smaller increases

What Is The Principle Of Diminishing Marginal Return?

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What Is The Principle Of Diminishing Marginal Return? The law of diminishing marginal returns states that adding an additional factor of production results in smaller increases in output. After some optimal level of capacity utilization, the addition of any larger amounts of a factor of production will inevitably yield decreased per-unit incremental returns. What is