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"If we did all the things that we are capable of doing, we would literally astound ourselves"
Thomas Edison
Thomas Edison
Sunday, June 7, 2009
Dinimishing Marginal Return
In economics terms, there is diminishing marginal return. This is related to the law of diminishing returns: each additional hour of effort, each extra worker is adding less output to the final result. By the end, you are spending lots of time on the minor details. You may not even need that extra worker!
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