What is the law of diminishing marginal returns

What is the law of diminishing marginal returns

The so-called law of diminishing marginal return means that when the technology remains unchanged and the input quantity of other production factors remains unchanged, with the continuous increase of the input of a certain production factor, at first, the output increment brought by increasing the input of this factor is increasing, but after a certain point, the output increment brought by increasing the input of this factor is

What causes the law of diminishing marginal return?

When the technological level remains unchanged, in the process of continuously increasing a variable factor of production to one or several other factors of production with constant quantity, when the input of this variable factor of production is less than a specific value, the marginal output brought by increasing the input of this factor is increasing; When the input of this variable factor brings about a diminishing marginal output, this is the law of diminishing marginal return

Ming Ming - with the increase of input of production factors, the total output is an S-shaped curve, and the marginal return increases first, then decreases, and then can be negative. Why is it called the law of diminishing marginal return? Is my analysis wrong?

Your analysis is right, because in the early stage of production, the marginal return is indeed increasing
However, the law of diminishing marginal return means that it will decline after exceeding a certain point, or the marginal return will always decline in the end

Explain the law of diminishing marginal returns and give an example to illustrate this phenomenon

The more the quantity, the less the marginal income
For example, if you eat a steamed stuffed bun when you are hungry, it is very useful. If you eat it again, it is not as good as the previous one. If you eat it all the time, the utility will be reduced all the time,

What word means birthplace?

Cradle origin

How did the word come from?

I guess it's a proverb