0 The law of diminishing returns refers to a situation in which a smaller result is achieved for an increasing amount of effort.
1 a situation in which less and less is achieved despite the use of increasing amounts of effort or money:
We restrict all factors devoted to the accumulation of human capital in order to exhibit diminishing returns.
The income and religiosity variables are logged because we expect their effects to display diminishing returns at their highest values.
The larger they grow, the more efficient they become at heat regulation, though they reach a point of diminishing returns.
So, we are seen to always live in a world of constant returns to scale and diminishing returns to the variable factor.
But the large task of editing this volume must have been subject to a law of diminishing returns.
Once the point of eradication is approached, however, the use of increasing numbers of targets produces diminishing returns.
Our model uses a special set-up with linear demand curve, diminishing returns technology and linear emission function.
The idea of diminishing returns to effort expended upon the land became generally accepted in economics.
