Define the Law of Diminishing Returns?

Answer 1

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.

Answer 2

In economics, diminishing returns (also called diminishing marginal returns) is the decrease in the marginal (per-unit) output of a production process as the amount of a single factor of production is increased, while the amounts of all other factors of production stay constant.

Answer 3

this principle states that for any athletes gains in fitness are more rapid early in a program,and later gains are more difficult to achieve

Answer 4

If there are fixed units, increased use of variable input will continue to increase production at a decreasing rate because of congested us of the fixed inputs.

Answer 5

Output increases at a diminishing rate as more variable inputs are added.