3.4k views
5 votes
When does the law of diminishing returns take effects? ​

1 Answer

4 votes

Answer:

The law of diminishing returns takes effect when there is a fixed or limited amount of a resource or input that is being combined with a variable input. The law suggests that at some point, adding more of the variable input will result in diminishing marginal returns. in other words, the increase in output or productivity will start to decline.

Step-by-step explanation:

User Soyeon
by
8.0k points

No related questions found