What are the applications of the law of diminishing returns?

Suppose that one kilogram of seed applied to a plot of land of a fixed size produces one ton of crop. You might expect that an additional kilogram of seed would produce an additional ton of output....

will the significance of the law of diminishing returns is that this determines the range of the products that is been produced if it is marketable.

the characteristic of any production system in which increases in variable inputs result in increasing reduction of total output. An indicator of when to stop making additional inputs to the system,...

The classical economists were of the opinion that the taw of diminishing returns applies only to agriculture and to some extractive industries, such as mining, fisheries urban land, etc. The law was...

1.limited capacity of the organisation and supervision leads to diminish2.increase of variable factor while other factors are remained constant may cause decrease.3.constant state of technology-yhis...