But as the number of intermediaries approaches the number of organizations in the channel, the law of diminishing returns kicks in. At that point, additional intermediaries add little new value within the channel.
why law of diminishing returns is considered a short-run phenomenon?
Three stages of production are increasing marginal returns, diminishing marginal returns, and negative marginal returns.
No. Fundemantaly returns increase with risk, they do not diminish.
a]increasing marginal returns b]diminishing returns c]negative returns
Thomas Malthus
Thomas Malthus
Diminishing returns.
Exploitation to the point of diminishing returns.
law of diminishing returns
technical innovation
Thomas Malthus
how diminishing returns influences the shapes of the variable-cost and total-cost curves