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____________________________ occur when the marginal gain in output diminishes as each additional unit of input is added.

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okpalawalter8

Diminishing marginal returns occur when the marginal gain in output diminishes as each additional unit of input is added. This is further explained below.

What is Diminishing marginal returns?

Generally, The law of declining marginal returns is a hypothesis in economics that predicts that when some ideal level of capacity is achieved, adding an extra component of production will actually result in smaller improvements in output.

In conclusion, The economic theory known as the "law of declining marginal returns" states that after production capacity has been maximized, adding more production factors will have diminishing returns.

Read more about Diminishing marginal returns

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