diminishing returns

di·min·ish·ing returns

(dĭ-mĭn′ĭ-shĭng)pl.n. A yield rate that after a certain point fails to increase proportionately to additional outlays of capital or investments of time and labor.

diminishing returns

pl n 1. (Economics) progressively smaller rises in output resulting from the increased application of a variable input, such as labour, to a fixed quantity, as of capital or land 2. (Economics) the increase in the average cost of production that may arise beyond a certain point as a result of increasing the overall scale of production

dimin′ishing returns′

n. any rate of profit, production, benefits, etc., that beyond a certain point fails to increase proportionately with added investment, effort, or skill. [1805–15]

diminishing returns

1. In economics, a yield rate (i.e., of profits, production, benefits, etc.) that fails to grow in proportion to the amount of investment, skill, time, or effort that is added. The restaurant, to combat high volumes of customers, hired a large surplus of wait staff and cooks. This led to diminishing returns, however, as the overcrowded staff was far less efficient and eventually cost the restaurant more in wages than it was earning.2. By extension, any output or results (e.g., of a product, project, organization, etc.) that fail to increase proportionally to additional time, money, skill, or effort. Unfortunately, the show's charm has not lasted, and the infusion of zanier plots has created diminishing returns in terms of quality.See also: diminish, return

diminishing returns

Fig. 46 Diminishing returns. The rise and fall of units of output as units of variable factor input are added to the production function.

diminishing returns

the law in the SHORT-RUN theory of supply of diminishing marginal returns or variable factor proportions that states that as equal quantities of one VARIABLE FACTOR INPUT are added into the production function (the quantities of all other factor inputs remaining fixed), a point will be reached beyond which the resulting addition to output (that is, the MARGINAL PHYSICAL PRODUCT of the variable input) will begin to decrease, as shown in Fig. 46.

As the marginal physical product declines, this will eventually cause AVERAGE PHYSICAL PRODUCT to decline as well (diminishing average returns). The marginal physical product changes because additional units of the variable factor input do not add equally readily to units of the fixed factor input.

At a low level of output, marginal physical product rises with the addition of more variable inputs to the (underworked) fixed input, the extra variable inputs bringing about a more intensive use of the fixed input.

Eventually, as output is increased, an optimal factor combination is attained at which the variable and fixed inputs are mixed in the most appropriate proportions to maximize marginal physical product. Thereafter, further additions of variable inputs to the (now overworked) fixed input leads to a less than proportionate increase in output so that marginal physical product declines. See RETURNS TO THE VARIABLE FACTOR INPUT

单词	diminishing returns
释义	diminishing returns di·min·ish·ing returns (dĭ-mĭn′ĭ-shĭng)pl.n. A yield rate that after a certain point fails to increase proportionately to additional outlays of capital or investments of time and labor. diminishing returns pl n 1. (Economics) progressively smaller rises in output resulting from the increased application of a variable input, such as labour, to a fixed quantity, as of capital or land 2. (Economics) the increase in the average cost of production that may arise beyond a certain point as a result of increasing the overall scale of production dimin′ishing returns′ n. any rate of profit, production, benefits, etc., that beyond a certain point fails to increase proportionately with added investment, effort, or skill. [1805–15] diminishing returns diminishing returns 1. In economics, a yield rate (i.e., of profits, production, benefits, etc.) that fails to grow in proportion to the amount of investment, skill, time, or effort that is added. The restaurant, to combat high volumes of customers, hired a large surplus of wait staff and cooks. This led to diminishing returns, however, as the overcrowded staff was far less efficient and eventually cost the restaurant more in wages than it was earning.2. By extension, any output or results (e.g., of a product, project, organization, etc.) that fail to increase proportionally to additional time, money, skill, or effort. Unfortunately, the show's charm has not lasted, and the infusion of zanier plots has created diminishing returns in terms of quality.See also: diminish, return diminishing returns Fig. 46 Diminishing returns. The rise and fall of units of output as units of variable factor input are added to the production function. diminishing returns the law in the SHORT-RUN theory of supply of diminishing marginal returns or variable factor proportions that states that as equal quantities of one VARIABLE FACTOR INPUT are added into the production function (the quantities of all other factor inputs remaining fixed), a point will be reached beyond which the resulting addition to output (that is, the MARGINAL PHYSICAL PRODUCT of the variable input) will begin to decrease, as shown in Fig. 46. As the marginal physical product declines, this will eventually cause AVERAGE PHYSICAL PRODUCT to decline as well (diminishing average returns). The marginal physical product changes because additional units of the variable factor input do not add equally readily to units of the fixed factor input. At a low level of output, marginal physical product rises with the addition of more variable inputs to the (underworked) fixed input, the extra variable inputs bringing about a more intensive use of the fixed input. Eventually, as output is increased, an optimal factor combination is attained at which the variable and fixed inputs are mixed in the most appropriate proportions to maximize marginal physical product. Thereafter, further additions of variable inputs to the (now overworked) fixed input leads to a less than proportionate increase in output so that marginal physical product declines. See RETURNS TO THE VARIABLE FACTOR INPUT
随便看	laws of exponents laws of florida laws of gravity laws of indices laws of inheritance laws of large numbers laws of life laws of motion laws of nature laws of oleron laws of physics laws of puerto rico annotated laws of refraction laws of succession laws of the game laws of the hanse towns laws of thermodynamics laws of the twelve tables laws of vibrational energy laws of war laws of wisbuy lawson lawson, andrew c. lawson criterion lawson cypress