What level of labour is associated with the point of diminishing returns? Explain your answer.
The law of diminishing returns (also law of diminishing marginal returns or law of increasing relative cost) states that in all productive processes, adding more of one factor of production, while holding all others constant ("ceteris paribus"), will at some point yield lower per-unit returns. The law of diminishing returns does not imply that adding more of a factor will decrease the total production, a condition known as negative returns, though in fact this is common.
Week 5 Assignment 1 Review: Nicely defined dynamic stack. The push and pop functions seem to work great. Good job Week 5 Assignment 2 Review: Program coded to spec and ran fine. Good definition of the InventoryBin class with a full set of accessor functions. To make the class reusable for other applications, you should have also defined a set of mutator functions. Good definition of the 3 utility functions. This was a good exercise of the stack abstract data type – you’re clearly doing Object Oriented Programming now.