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.
a]increasing marginal returns b]diminishing returns c]negative returns
Thomas Malthus
law of diminishing returns
technical innovation
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.
Diminishing returns.
law of diminishing returns
technical innovation
Thomas Malthus
how diminishing returns influences the shapes of the variable-cost and total-cost curves
The law of diminishing returns helps managers maximize their profits. At the point where their costs begin to rise, they can switch to another product to make more money.