diminishing marginal product

Definition

A decrease in how quickly the output of a production process grows in response to more of one input. Diminishing marginal product is used to identify the point of diminishing returns, at which adding more of a material needed for production begins to have less of a benefit to the output of the process.

Use this term in a sentence

You need to know that you are dealing with a diminishing marginal product and figure out the best way to proceed.

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It was a diminishing marginal product and that meant that there was a decrease and we did not like decreases in our world.

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Our company has opened a division dedicated to advisement of diminishing marginal product, and helping our clients to increase production and output.

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diminish diminishing marginal returns