The idea that the more any given resource is applied to production,the lower the marginal gain in output,until a point is reached where the additional inputs produce no additional output,is referred to as:
A)the point of no return.
B)the law of diminishing returns.
C)supply and demand.
D)network inelasticity.
E)virtual economics.

Question

Quizplus · Accepted Answer

The law of diminishing returns describes the decrease in marginal gain in output as more resources are applied to production, eventually leading to a point where additional inputs produce no additional output.

The Idea That the More Any Given Resource Is Applied