phenomenon in which greater input of effort, money, etc. yields smaller results. Crucial part of the idea is that if you're using x to get y results (where y is the thing you want). then additional input a will yield additional results b, but not in the same proportion as before.
On average, before, you put in x to get y, so your yield was y/x. But if you increase x by amount a, then your results will be y + b, where
(y + b)/(x + a) < y/x
and this will only get worse.
Diminishing marginal returns (DMR) is used to explain why the supply curve in economics slopes upward, i.e., increasing the quantity supplied requires an increased price of most things.
Sometimes DMR is more than offset by "economies of scale," which allows more of a thing to be supplied more cheaply than a small amount.
On average, before, you put in x to get y, so your yield was y/x. But if you increase x by amount a, then your results will be y + b, where
(y + b)/(x + a) < y/x
and this will only get worse.
Diminishing marginal returns (DMR) is used to explain why the supply curve in economics slopes upward, i.e., increasing the quantity supplied requires an increased price of most things.
Sometimes DMR is more than offset by "economies of scale," which allows more of a thing to be supplied more cheaply than a small amount.
At first his flowers and treats swept her off her feet, but then he had to do more and more lavish things to please her. It was a classic case of diminishing marginal returns.
by Abu Yahya June 3, 2009
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by Afriendforever February 23, 2017
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Often thought as lazy, unmotivated, uncaring and rude, Domink is actually very thoughtful, cunning, and gentle. Although Dominik posses a darker side, he never reveals his true intentions. Often regarded as a lone wolf who hunts alone because Dominik can tend to be socially awkward due to his unique style. Domink's dating scene is often mysterious, never revealing who or where he's been. Organized and unpredictable, Dominik is an excellent runner, considered to have cheetah genes in him. His kryptonite is Diet Coke. Often distracted by the ferocious need for a drink of Diet Coke, he can often be found roaming for a can. Dominik posses all the best genes and is thus regarded as a great mate. Although sometimes mischevious Domink often respects most laws. Dominik also sleeps on his right side more then his left side -- reasons are unknown. Often however Dominik and Amazing are mixed up as the same definition, however, Dominik is much more Great then Amazing.
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"Dominik should have a statue built after him"
by free_domk May 9, 2010
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Me: I really hope Dominic didn't just went and break my heart like that
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Chris: Give him time, he'll come around, he loves you too much to let you go.
by PleaseDon'tGo June 2, 2018
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"I love Dominic."
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