Formula
Hill / Michaelis-Menten response
Why it matters
In paid media it appears as rising marginal cost per result as spend grows, and it is the reason budgets should be spread across channels.
Glossary // D / Biochemistry
Diminishing returns describe how each additional unit of input, such as an ad dollar, yields less extra output than the one before.
In paid media it appears as rising marginal cost per result as spend grows, and it is the reason budgets should be spread across channels.