Taxi Driver Online

not like trying to find the best deal then?

The concept of diminishing returns

(also known as, if your happy, why worry, OR a base op will never worry about dead miles)

The concept of diminishing returns can be traced back to the concerns of early economists such as Johann Heinrich von Thünen, Turgot, Thomas Malthus and David Ricardo.

Malthus and Ricardo, who lived in 19th century England, were worried that land, a factor of production in limited supply, would lead to diminishing returns. In order to increase output from agriculture, farmers would have to farm less fertile land or farm with more intensive production methods. In both cases, the returns from agriculture would diminish over time, causing Malthus and Ricardo to predict population would outstrip the capacity of land to produce, causing a Malthusian catastrophe. (Case & Fair, 1999: 790).



A simple example

Suppose that one kilogram of seed applied to a plot of land of a fixed size produces one ton of crop. You might expect that an additional kilogram of seed would produce an additional ton of output. However, if there are diminishing marginal returns, that additional kilogram will produce less than one additional ton of crop (on the same land, during the same growing season, and with nothing else but the amount of seeds planted changing). For example, the second kilogram of seed may only produce a half ton of extra output. Diminishing marginal returns also implies that a third kilogram of seed will produce an additional crop that is even less than a half ton of additional output. Assume that it is one quarter of a ton.

You asked me if your list was anything to do with what I said, and my answer was no.

Then you say I don't try to find the best deal.

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IDFIMH

He didnt, there was a questionmark

CC

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Think of how stupid the average person is, and realize half of them are stupider than that.
George Carlin

ive learnt the hard way "all that glitters" etc

that grand a week would probably come at a high price, not least of which would be a higher % of account work paid on 30+ days and at about 70% of what the customer pays)

sometimes less is best