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.