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How do you use ever-diminishing in a sentence?
The world's nonrenewable resource reserves are ever diminishing.
Can you use diminish in a sentence?
Oil is a diminishing resource.
Example of the law of diminishing marginal productivity?
The law of diminishing marginal product states that as a firm uses more of a variable resource with a fixed resource and fixed technology, the marginal product of the variable resource will fall. From related site.
What is return to factors?
It is the same as Law of Diminishing Returns. Which is the postulate that as more units of a variable resource are combined with a fixed amount of other resources, using additional units of the variable resource will eventually increase profit only at a decreasing rate.
What is return to variable factors?
It is the same as Law of Diminishing Returns. Which is the postulate that as more units of a variable resource are combined with a fixed amount of other resources, using additional units of the variable resource will eventually increase profit only at a decreasing rate.
Why is the principle of diminishing marginal product only valid in the short run?
The principle of diminishing marginal product is only valid in the short run because it assumes that at least one factor of production is fixed, such as capital or land. As additional units of a variable factor, like labor, are added to a fixed resource, the additional output produced by each new unit of labor eventually decreases. In the long run, all factors of production can be adjusted, allowing firms to optimize resource allocation and potentially avoid diminishing returns. Thus, the principle does not hold when all inputs can be varied.
What is a diminishing relationship?
a diminishing relationship is a relationship that is fading away slowly....
What is the opposite of diminishing joy?
Increasing Misery is the opposite of 'Diminishing Joy'
If marginal utility is positive but diminishing then?
Total utility increases at a diminishing rate
When was Diminishing Between Worlds created?
Diminishing Between Worlds was created in 2007.
How we can convert diminishing rate to flat rate?
diminishing rate / 1.85 = flat rate
Criticism of law of diminishing marginal utility?
the criticisma of the law of diminishing marginal utility
