MYTUTOR SUBJECT ANSWERS

473 views

What is the law of diminishing returns?

The law of diminishing returns is when the marginal output of a production process decreases with every additional increase in a factor of production (or input), holding all other factors of production constant. 

Shyam S. GCSE Maths tutor, A Level Economics tutor, GCSE Economics tu...

1 year ago

Answered by Shyam, an A Level Economics tutor with MyTutor


Still stuck? Get one-to-one help from a personally interviewed subject specialist

64 SUBJECT SPECIALISTS

£20 /hr

Helena W.

Degree: Economics and Management (Bachelors) - Bristol University

Subjects offered: Economics, Maths

Economics
Maths

“About me: I am a second year Economics and Management Student studying at the University of Bristol. I have always been passionate about maths and figures and love helping people gain the same understanding and appreciation for the di...”

MyTutor guarantee

£30 /hr

Anne H.

Degree: History (Bachelors) - Durham University

Subjects offered: Economics, History+ 2 more

Economics
History
English
-Personal Statements-

“Hi, my name is Anne and I'm a second year at Durham university specializing in economic history.”

£20 /hr

Reubin B.

Degree: Business Economics (Bachelors) - Exeter University

Subjects offered: Economics, Maths+ 1 more

Economics
Maths
Graphic Design

“ABOUT ME I am currently a student at the University of Exeter studying Business Economics. I have a keen interest in all aspects of economics with the passion to guide you through your course, and the hope to inspire the same enthusia...”

MyTutor guarantee

About the author

Shyam S.

Currently unavailable: for regular students

Degree: Economics and Finance (Bachelors) - Bristol University

Subjects offered: Economics, Maths+ 2 more

Economics
Maths
English
-Personal Statements-

“ABOUT ME:I am an Economics and FInance student at the University of Bristol! Since I started the subject back in high school I've found a keen interest for the field and I hope that my interest can spark a development for your intere...”

You may also like...

Posts by Shyam

What are the features of an imperfect or monopolistic market?

What is the best way to study for a Maths exam?

What is the law of diminishing returns?

Other A Level Economics questions

How should I answer data response questions?

What characteristics might a perfectly competitive market have? Choose 3 (6 marks)

Explain why monopolies may be an undesirable form of market structure

How does actual economic growth differ to potential economic growth?

View A Level Economics tutors

Cookies:

We use cookies to improve our service. By continuing to use this website, we'll assume that you're OK with this. Dismiss

mtw:mercury1:status:ok