Rob T
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Quote:
I would say that this is probably the most articulately stated post yet on what "the law of diminishing returns" means.
Well done.
Originally Posted by PhilS /img/forum/go_quote.gif The notion of diminishing returns has nothing to do with whether something is worth it or not (in an absolute sense). The issue is marginal benefit vs. marginal cost. Or to put it another way, one can be facing diminishing returns, but also find that spending more is "worth it." Alternatively, one can also conclude that the "returns" are diminishing at a rate such that further expenditure is not justified. Maybe you were trying to say something like that, but I'm not sure from your crytic statements. |
I would say that this is probably the most articulately stated post yet on what "the law of diminishing returns" means.
Well done.