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law of decreasing returns

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  • Returns to scale — In economics, returns to scale and economies of scale are related terms that describe what happens as the scale of production increases in the long run, when all input levels including physical capital usage are variable (chosen by the firm).… …   Wikipedia

  • Law of Diminishing Marginal Returns — A law of economics stating that, as the number of new employees increases, the marginal product of an additional employee will at some point be less than the marginal product of the previous employee. Consider a factory that employs laborers to… …   Investment dictionary

  • Diminishing returns — Economics …   Wikipedia

  • Amdahl's law — Amdahl s law, also known as Amdahl s argument, [Rodgers 85, p.226] is named after computer architect Gene Amdahl, and is used to find the maximum expected improvement to an overall system when only part of the system is improved. It is often used …   Wikipedia

  • diminishing returns — /dəˌmɪnɪʃɪŋ rəˈtɜnz / (say duh.minishing ruh ternz) plural noun 1. the decreasing profit, output, gain, etc., that beyond a certain point is the inevitable result, despite the continued effort, resources, etc., put in. 2. Economics See law of… …  

  • Operation Imposing Law — Part of the Iraq War (Operation Phantom Thunder) U.S. soldiers ta …   Wikipedia

  • Cost curve — In economics, a cost curve is a graph of the costs of production as a function of total quantity produced. In a free market economy, productively efficient firms use these curves to find the optimal point of production (minimising cost), and… …   Wikipedia

  • The Singularity Is Near — The Singularity Is Near: When Humans Transcend Biology   …   Wikipedia

  • Classical theory of growth and stagnation — Classical economics refers to work done by a group of economists in the eighteenth and nineteenth centuries. The theories developed mainly focused on the way market economies functioned. Classical Economics study mainly concentrates on the… …   Wikipedia

  • The Nature of the Firm — (1937) 4(16) Economica 386–405, is an influential article by Ronald Coase. It offered an economic explanation of why individuals choose to form partnerships, companies and other business entities rather than trading bilaterally through contracts… …   Wikipedia

  • Ronald Coase — New institutional economics Born 29 December 1910 (1910 12 29) (age 100) …   Wikipedia

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