Present Day Socialism And the Problem of the Unemployed a Critcism of the Plat
Present Day Socialism And the Problem of the Unemployed a Critcism of the Plat
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In our eReader you can find the full English version of the book. Read Present Day Socialism And the Problem of the Unemployed a Critcism of the Plat Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Present Day Socialism And the Problem of the Unemployed a Critcism of the Plat
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18 bushels.
5 80 „ 16 „ 6 84 „ 14 „ 91 „ 13 „ 8 96 „ 12 „ 9 99 „ 11 » 10 100 „ 10 „ 11 etc.
etc.
The above figures are, of course, arbitary, and are chosen merely to represent the principle as it necessarily must work in nature. It will be seen that there is essentially a point at which the highest average product to each dose of labor and capital expended in production is obtained. What this point may be can only be known by actual testing, but this point unquestionably exists. In the illustra...tive example a higher average is necessarily obtained up to a certain number of " doses " of labor and capital (tour " doses " in the example given), and after that, successive additions to the previous " dose " keep diminishing the average return for each of the doses.
Up to the point of higliest average the land is said to be in the condition of increasing returns ; when that point is passed, the land is said to be in the condition of diminishing returns. The point at which the change from increasing to diminishing returns takes place may be termed the point of maximum average 64 A Plain Examination of Socialism productiveness or the point of highest average returns.
What to read after Present Day Socialism And the Problem of the Unemployed a Critcism of the Plat?
You can find similar books in the "Read Also" column, or choose other free books by G E Raine to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
18 bushels.
5 80 „ 16 „ 6 84 „ 14 „ 91 „ 13 „ 8 96 „ 12 „ 9 99 „ 11 » 10 100 „ 10 „ 11 etc.
etc.
The above figures are, of course, arbitary, and are chosen merely to represent the principle as it necessarily must work in nature. It will be seen that there is essentially a point at which the highest average product to each dose of labor and capital expended in production is obtained. What this point may be can only be known by actual testing, but this point unquestionably exists. In the illustra...tive example a higher average is necessarily obtained up to a certain number of " doses " of labor and capital (tour " doses " in the example given), and after that, successive additions to the previous " dose " keep diminishing the average return for each of the doses.
Up to the point of higliest average the land is said to be in the condition of increasing returns ; when that point is passed, the land is said to be in the condition of diminishing returns. The point at which the change from increasing to diminishing returns takes place may be termed the point of maximum average 64 A Plain Examination of Socialism productiveness or the point of highest average returns.
What to read after Present Day Socialism And the Problem of the Unemployed a Critcism of the Plat?
You can find similar books in the "Read Also" column, or choose other free books by G E Raine to read onlineMoreLess
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