After reading about a real-world application of diminishing marginal returns, consider the following:
- What could explain diminishing marginal returns with respect to school inputs, such as class size and teacher education?
- Can you argue that marginal returns to school inputs should be positive?
- Why should those not entering educated-related careers care about the evidence regarding diminishing marginal returns in education?
Our classroom discussion will likely take place on March 6. I am looking forward to your participation!
Posted by Prof. C-S