The law of diminishing returns explains why

Question

Quizplus · Accepted Answer

The law of diminishing returns, primarily applicable in the context of production, posits that adding more of one factor of production, while keeping others constant, will at some point yield lower per-unit returns. This concept impacts costs by making each additional unit more expensive to produce, leading to a scenario where total cost rises at an accelerating rate as more resources are inefficiently utilized.

The Law of Diminishing Returns Explains Why