2006-10-09 02:03:53 · 5 answers · asked by Rob 5 in Education & Reference ➔ Words & Wordplay
It means the more money you spend or effort you put into an attempt the less you get in return compared to the previous expenditure. For instance, suppose a tv costs x amount of money. If you spend 2x, however, you can get a tv that is twice as good. But if you spend twice as much again (4x), and this "third tv" is only 50% better than the second, this would be a diminishing return. You have continued to double your expense, but the quality increase has not continued to double. The increase/decrease may not be as blatant as double/half which may make determining the point at which you're paying more than you're getting in return difficult. And of course, that point is subjective too - I might be willing to pay 4x for a tv that is only half again as good, but you might not. A typical instance of diminishing returns is car repairs - at which point are you paying more for repairs than the extent by which the vehicle's life has been lengthened might warrant (compared to how much of the price of new car would the cost of the repairs amount to, for how much longer would the new car last compared to your repaired old car) (sorry for that horrible sentence, hope that's clear)
2006-10-09 05:43:03 · answer #1 · answered by Anonymous · 1⤊ 0⤋
In economic terms it means the point where the more resources you poor into something the less you get out of it. Picture a McDonald's kitchen. If you have 1 guy making hamburgers and then you add another you get more burgers made. However if you add a third guy making burgers you'll have the three of them tripping allover each other and getting in each other's way. That third guy demonstrates the law of dimishing returns.
2006-10-09 09:15:40 · answer #2 · answered by Anonymous · 1⤊ 0⤋
When you're hungry, that first bite of your cheeseburger tastes great. The second third and fourth bite taste pretty good. By the time you finish the last bite, its good but not great (not like the first bite). If you continue to a second cheeseburger it might be too much and even make you sick.
2006-10-09 11:31:49 · answer #3 · answered by msbedouin 4 · 1⤊ 0⤋
no ... I think you have misunderstood the question ...
Your teacher want you to use your own words and examples, not mine ...
2006-10-09 09:07:06 · answer #4 · answered by Anonymous · 0⤊ 3⤋
Sex after marriage.
2006-10-09 09:07:25 · answer #5 · answered by s t 2 · 1⤊ 1⤋