1/1/23, 7:09 PM W5: The Law of Diminishing Returns – ECON101 D008 Fall 2022
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W5: The Law of Diminishing Returns
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ECON101 D008 Fall 2022 LE
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Another important law in economics is the “law of marginal returns or the law ofincreasing costs”. Discuss in terms of your study in this course, how might youknow that you are at a point of diminishing returns, or where more study will notbenefit you like it did before? Can you identify any of the costs discussed in thislesson in your decision about how much study is enough?
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