What will happen if you overuse a factor of production based on the law of diminishing returns?

According to the law of diminishing returns what will happen if you overuse a factor of production?

It will not be as efficient as before. A+

What will happen if you overuse a factor of production according to the law of diminishing returns?

It will not be as efficient as before. A+

Why can production take place on or inside the frontier?

This is known as the law of diminishing returns and can occur because factor on the frontier is deemed to be production efficient and production inside frontier.

Diminishing returns to a factor?

leave this bloody question do some thing else .

What is the law of diminishing 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

Examples of the law of diminishing return?

The law of diminishing returns implies that adding one factor of production does not always mean an increase in output. In agriculture, adding fertilizer may increase output, but if too much fertilizer is used, it may end up poisoning the plants.

Define the Law of Diminishing Returns?

the characteristic of any production system in which increases in variable inputs result in increasing reduction of total output. An indicator of when to stop making additional inputs to the system, when the input exceeds the additional output.

Why does the law of diminishing returns require the Production Possibility Frontier to be curved rather than a straight line?

law of diminishing returns implies that as amount of a variable factor say,labor,changes and others remain unchanged in short run,initially the output increases at an increasing rate,then increases at a decreasing rate and finally reaches maximum and falls. this shows that output is not changing linearly hence production possibility frontier cannot be a straight line.

What is law of returns explain it with the help of schedule and diagram?

returns to factor means change in physical output of a good or a commodity when the quantity demanded of one factor is increase while that of the other factors remain constant . It is a short run phenomenon and can be possible in three ways they area) Increasing return to factor - increasing returns to a factor refers to a situation on when each additional unit of a variable factor adds more and more to the total output that is when marginal product of a factor increases as more of the variable factor is constantb) constant returns to a factor - constant returns to a factor refers to a situation in which additional units of a variable factors adds the same amount of output that is when the marginal product of the variable factor is constantc) Diminishing returns to a factor refers to a situation in which each additional unit of a variable factor adds lesser and lesser amount of output that is when marginal product of a factor falls as more of it is used

Why long run average cost decreases as output increases?

It decreases in the long run because of the law of diminishing returns which states thatthat as equal quantities of one variable factor are increased, while other factor inputs remain constant, all things remaining equal, a point is reached beyond which the addition of one more unit of the variable factor will result in a diminishing rate of return and the marginal physical product will fall...................hope this helps

What is diminishing factor productivity?

because prduct for dimini9shing porpous for end

The importance of law of diminishing returns?

As a teacher in Economics, I find that the law of diminishing returns is among the most important and useful concept that everyone should understand. In Economics, the law of diminishing returns appears in the topic dealing with costs. Where any additional workers or variable input added in to the production process will lead to a fall in the quantity produced, in the short run or when at least one factor of production is fixed. However the law of diminishing returns doesn't only have relevance in costs. It's also useful for students to understand this law, as it applies to their study as well. Some student will continue to study for many hours hoping to absorb the knowledge from books or class lecture, however with no break time or sufficient rest, the law of diminishing also applies, where the amount of knowledge absorbed will slowly diminish. This means when the student is fresh or just started the lesson, they can absorb the knowledge like a sponge, as the hour passes by, the knowledge will be absorbed less. Another example that I always tell my students is when they are doing their exam question. Some students will spend a lot of time on one question, believing that the more time or effort spent on the question will mean more marks. At some point, this is true and possible, after a certain point, the effort or time spent may not be worth the effort. For example, lets say there is an essay question which is worth 10 marks. With this mark, the student may have spent 1 hour writing it and a lot of effort to produce the answer. However if the student continue to spend more hours or resources to write it, it can come to a stage where the information is excessive, and it also discourages the student to focus on other important things. This is when the diminishing return sets in. The importance of diminishing returns is to allow individuals to understand that there is a stage or point where returns or benefits of doing something will slowly diminish.