diol m (plural diols) (organic chemistry) diol; Further reading âdiolâ in le TrÃ©sor de la langue franÃ§aise informatisÃ© (The Digitized Treasury of the French Language).
Noun. 1. law of diminishing returns-a law affirming that to continue after a certain level of performance has been reached will result in a decline in effectiveness. law of nature, law-a generalization that describes recurring facts or events in nature; the laws of thermodynamics. 1  Facebook.
These concepts prepare students for both total-revenue total-cost and marginal-revenue marginal-cost approaches to profit maximization, which are presented in the next few chapters. The law of diminishing returns is explained as an essential concept for understanding average and marginal cost curves.