law of diminishing marginal returns การใช้

• "Safety improvements are usually subject to the law of diminishing marginal returns.
• The falling MP L is due to the law of diminishing marginal returns.
• The long-run marginal cost curve is shaped by returns to scale, a long-run concept, rather than the law of diminishing marginal returns, which is a short-run concept.
• Unlike modern mainstream economists, Cheung's analysis does not rely on advanced mathematical techniques but solely on the two basic building blocks of price theory : one is the axiom of constrained maximisation and the other, the law of demand ( one that already incorporates the law of diminishing marginal returns ).
• The law states, " as units of one input are added ( with all other inputs held constant ) a point will be reached where the resulting additions to output will begin to decrease; that is marginal product will decline . " The law of diminishing marginal returns applies regardless of whether the production function exhibits increasing, decreasing or constant returns to scale.