Economics Homework Help
UCLA Law of Diminishing Marginal Returns Question
Law of Diminishing Marginal Returns
Refer to Ch. 6, Fig. 6.2 (The Effect of Technological Improvement) and Example 6.2 (Malthus and the Food Crisis)
Malthus believed that the world’s limited amount of land would not be able to supply enough food as the population grew. As a result there would be mass hunger and starvation. But Malthus was proved wrong! Explain why Malthus’ prediction about mass hunger and starvation did not come to pass.