0
The law you're referring to is likely the Law of Diminishing Returns. This economic principle states that as more units of a variable factor of production (like labor) are added to a fixed factor (like land), the additional output produced will eventually decrease after a certain point. Essentially, while increasing inputs can enhance production, the incremental gains will start to decline, leading to less efficient use of resources.
What else can I help you with?
What is the name of the law that states that as we shift factors of production from making one good or service to another the cost of producing the second item increase?
the law of increasing costs
What are factors of production name any four factors of production.?
Factors of production
What are 4 factors of production and their remuneration in detail?
There are four factors of production. The first is land, which payments are for rent. The second is labor, for which the payment is wage. The third is capital, and the payment is interest. The fourth is entrepreneurship and the remuneration is profit.
What is the name of an economic system in which private citizens own the factors of production?
I believe the answer is "a command economy"It is market economy
Why is Factors of Production an appropriate name for Economic Resources?
The term "Factors of Production" aptly describes economic resources because it encompasses the essential inputs required for the production of goods and services. These factors include land, labor, capital, and entrepreneurship, each playing a crucial role in the economic process. By highlighting their fundamental roles in creating value and driving economic activity, the name emphasizes their importance in the production cycle. Thus, it effectively conveys the idea that these resources are foundational to economic growth and development.
What is the name of the law that states that AS we shift factors of production from making one good or services to another the cost of production the second item increased?
the law of increasing costs
What is the name of the law that states that as we shift factors of production from making one good or service to another the cost of producing the second item increases?
the law of increasing costs
What is the name of the law that states that as we shift factors of production from making one good or service to another the cost of producing the second item increase?
the law of increasing costs
What is the name of the law that states that as we shift factors of production of making one good or service to another the cost of making the second item increases?
the law of increasing costs
What are factors of production name any four factors of production.?
Factors of production
Name two countries in which industrialization got an early start explain why-?
Great Britain its factors of production and the United States its factors of production too and inventors from Great Britain.
What is the name of the law that states that as we shift factor of production from making one goods or service to another the cost of producing the second item increase?
the law of increasing costs
What is the name of law that states that as we shift factors of productions from making one good or services to another the cost of producing the second item increases?
the law of increasing costs
What are 4 factors of production and their remuneration in detail?
There are four factors of production. The first is land, which payments are for rent. The second is labor, for which the payment is wage. The third is capital, and the payment is interest. The fourth is entrepreneurship and the remuneration is profit.
What is the name of an economic system in which private citizens own the factors of production?
I believe the answer is "a command economy"It is market economy
How does the phase-shift oscillator get its name?
The phase-shift oscillator gets its name from the phase-shift network used in its design, which introduces a phase shift in the feedback path of the circuit. This phase shift is necessary for maintaining oscillations in the circuit.
What is the name of the thing you use to shift gears in a car?
Shifter or Shift Knob
