diminishing returns. occur when hiring new workers causes marginal product to decrease but still remain positive; total product is still increasing, but by not as much as when the previous worker was added.
'It sure almost destroyed the Golden Gate Bridge,' he said. The Tacoma Narrows Bridge in Washington - a suspension bridge whose designer also worked on the Golden Gate - had twisted and snapped in about 40 mph winds a little more than a decade earlier. That 1940 collapse was captured on film.
People walked across the bridge for the first time, marveling at what was then the largest suspension bridge in the world. Before the project began, many people thought building the bridge was impossible. And when the construction started, most thought that dozens would die in the process. The rule of thumb at the time was that for every million dollars spent on a project, one person would die â and the Golden Gate Bridge was going to cost $37 million. At first, those fears seemed to be proved unfounded. On Jan. 5, 1933, construction began â and it continued without a single fatality for four years.