Why does agricultural output tend to increase along with population, in contrast to Malthus's predictions? Irrigation, fertilizers, and conservation techniques increase the amount of arable land. Specialization and division of labour tend to increase agricultural output. In the long run, land is not a fixed resource. The law of diminishing returns only applies in theory, not in practice.

Why does agricultural output tend to increase along with population, in contrast to Malthus's predictions? Irrigation, fertilizers, and conservation techniques increase the amount of arable land. Specialization and division of labour tend to increase agricultural output. In the long run, land is not a fixed resource. The law of diminishing returns only applies in theory, not in practice.

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter7: Production Economics

Section: Chapter Questions

Problem 3E

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Resource consumption per person in the United States is either flat or falling, depending on the resource. Yet living standards are rising because of technological improvements that allow more output to be produced for every unit of input used in production. What does this say about the likelihood of our running out of resources? Could we possibly maintain or improve our living standards even if the population were expected to rise in the future rather than fall?
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