Statements (23)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
Economic principle
|
| gptkbp:alsoKnownAs |
Law of variable proportions
Principle of diminishing marginal returns |
| gptkbp:appliesTo |
Manufacturing
Agriculture Production processes |
| gptkbp:assumes |
At least one input is fixed
|
| gptkbp:contrastsWith |
Constant returns to scale
Increasing returns to scale |
| gptkbp:date |
18th century
|
| gptkbp:describes |
Decrease in marginal output as input increases
|
| gptkbp:explains |
Marginal productivity decreases after a certain point
|
| gptkbp:field |
gptkb:Microeconomics
Economics |
| gptkbp:formedBy |
gptkb:Turgot
|
| https://www.w3.org/2000/01/rdf-schema#label |
Law of diminishing returns
|
| gptkbp:popularizedBy |
gptkb:David_Ricardo
|
| gptkbp:relatedTo |
Short run analysis
|
| gptkbp:usedIn |
gptkb:Production_theory
Resource allocation Cost analysis |
| gptkbp:bfsParent |
gptkb:Ricardian_Theory_of_Rent
|
| gptkbp:bfsLayer |
8
|