The so-called law of diminishing returns in economics expresses the idea that function values that are increasing can sometimes go up fast, and sometimes go up slow. If we have a profit function and know that increasing production will increase profit, that investment may be deemed "worth it" if the increase in profit is large. But, if the increased profit is small, it may be better to invest elsewhere.
The Point of diminishing returns is the point where the increasing function values are starting to slow. In other words, it is when the function is increasing
The so-called law of diminishing returns in economics expresses the idea that function values that are increasing can sometimes go up fast,and sometimes go up slow.If we have a profit function and know that increasing production will increase profit, that investment may be deemed"worth it"if the increase in profit is large.But,if the increased profit is small,it may be better to invest elsewhere
The Point of diminishing returns is the point where the increasing function values are starting to slow. In other words, it is
8. Let x> 0. Find the point of diminishing returns for P(x) =56x413 - x13
9.Does P()=In have a point of diminishing returns?Why or why not?