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What are diminishing returns?

What are diminishing returns? Here are some definitions.

Noun
  1. (idiomatic) A condition in which additional inputs into an organization, project or process produce progressively fewer or lower-quality additional outputs, and may, in extreme cases, cause the total quantity or quality of outputs to decrease.
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Examples
Those of you familiar with the mathematics of an exponential curve will note, however, that it is one of diminishing returns.
As the region matures, they face the law of diminishing returns where it costs an increasing amount to get less out of the ground.
Invariably, however, technology reaches a point of diminishing returns, inaugurating a period of stagnation and crisis.
The strangely pleasant thing about this is that it reverses the law of diminishing returns.
The following week, by the time I test-drove my third skirt, I started to sense diminishing returns.
But the triumph of style over substance is always subject to the law of diminishing returns.

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