Difference between revisions of "Diminishing marginal returns"
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| − | + | The principle of '''diminishing marginal returns''' states that [[production system]]s have a point beyond which each additional unit of [[input]] will yield less and less additional [[output]]. All other factors of production are held fixed for this analysis. | |
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[[Category:Economics]] | [[Category:Economics]] | ||
Revision as of 00:12, July 13, 2007
The principle of diminishing marginal returns states that production systems have a point beyond which each additional unit of input will yield less and less additional output. All other factors of production are held fixed for this analysis.
