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The demand for current consumption,as plotted against current income,shifts to the right due to all of the following except
Diminishing Returns
A principle stating that as investment in a single area increases, the rate of profit from that investment, after a certain point, cannot continue to increase if other variables remain at a constant.
Labor Curve
A graphical representation showing the relationship between the quantity of labor supplied and the wage rate.
Diminishing Returns
A principle stating that the addition of more of one factor of production, holding all else constant, will at some point yield lower incremental per-unit returns.
Marginal Product
The additional output resulting from the use of one more unit of a variable input, holding other inputs constant.
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