A striped racer, also known as the California whipsnake, is a species of non-venomous snake native to the coast and foothills of California. It is a long, slender, and fast-moving snake, identified by its distinctive stripes running down the length of its body. They primarily feed on lizards and small rodents. The scientific name for this species is Masticophis lateralis.
Diminishing marginal returns
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phenomenon in which greater input of effort, money, etc. yields smaller results. Crucial part of the idea is that if youre 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.
Diminishing marginal returns meaning & definition 1 of Diminishing marginal returns.
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