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Concepts

LearningThe Law of Diminishing Returns

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Cards: 1 of 4. Quiz next, 4 to come.

What each extra step buysA curve rising steeply from the left, then flattening, then turning gently downwards past its peak, where it is drawn as a dashed line. The horizontal axis is labelled how much you add and the vertical what you get. Three equal steps along the horizontal axis are marked with dashed drops to the curve. Beneath the axis a separate strip shows what each of those steps added, as three bars, each much smaller than the one before, followed by a fourth bar hanging below its own baseline for the region past the peak.what you gethow much you addwhat each extra step added

A curve rising steeply, then flattening, then turning gently downwards as a dashed line past its peak. The horizontal axis is how much you add and the vertical is what you get. Three equal steps are marked along the horizontal axis, and beneath it a strip of bars shows what each step added, each much smaller than the last, then one hanging below the line.

The line keeps climbing. What each step buys is the part that's shrinking.
The line keeps climbing. What each step buys is the part that's shrinking.

The line keeps climbing. What each step buys is the part that's shrinking.

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