Looking for a similar answer, essay, or assessment help services?

Simply fill out the order form with your paper’s instructions in a few easy steps. This quick process ensures you’ll be matched with an expert writer who
Can meet your papers' specific grading rubric needs. Find the best write my essay assistance for your assignments- Affordable, plagiarism-free, and on time!

Posted: May 15th, 2023

Describe a situation in which you experienced the law of diminishing marginal returns

1. Instructions
Describe a situation in which you experienced the law of diminishing marginal returns. How did this affect you?
Your journal entry must be at least 200 words in length. No references or citations are necessary.

2. Instructions
Identify a time when you saw a price that was “too good to be true.” Using the economic theory you learned in this unit, justify why the firm set the price below its average total cost of production.

Which Citation Styles Can You Handle?

We get a lot of “Can you do MLA or APA?”—and yes, we can! Our writers ace every style—APA, MLA, Turabian, you name it. Tell us your preference, and we’ll format it flawlessly.

Your journal entry must be at least 200 words in length. No references or citations are necessary.

3. Instructions
Identify a business you visited in the past month. Thinking back to your visit and using it as a source of information, hypothesize the market structure for the firm you visited by explaining why you think the firm would or would not meet each of the characteristics of market structures.

Your journal entry must be at least 200 words in length. No references or citations are necessary.

4. Instructions
Suppose a firm uses sugar in a product that you purchase. The firm vertically integrates by purchasing sugar farms that produce the sugar organically and in a way that makes it also sustainable for the environment. How would that influence your demand for that product? What other purpose than profitability might cause the firm to make this decision to vertically integrate in this way?

Are Writing Services Legal?

Totally! They’re a legit resource for sample papers to guide your work. Use them to learn structure, boost skills, and ace your grades—ethical and within the rules.

Your journal entry must be at least 200 words in length. No references or citations are necessary.

5. Instructions
Identify a skill that you learned in this course, and explain how you can apply it to increase success in your career in a real-world scenario.

Your journal entry must be at least 200 words in length. No references or citations are necessary.

What’s the Price for a Paper?

Starts at $10/page for undergrad, up to $21 for pro-level. Deadlines (3 hours to 14 days) and add-ons like VIP support adjust the cost. Discounts kick in at $500+—save more with big orders!

______________________________________

Describe a situation in which you experienced the law of diminishing marginal returns. How did this affect you?

I recently started working out at the gym. At first, I saw great results. I was losing weight and gaining muscle quickly. But after a while, the weight loss and muscle gain started to slow down. This is because I was experiencing the law of diminishing marginal returns.

The law of diminishing marginal returns states that as you increase the amount of an input, the marginal output will eventually decrease. In my case, the input was my time at the gym. The output was weight loss and muscle gain.

Is My Privacy Protected?

100%! We encrypt everything—your details stay secret. Papers are custom, original, and yours alone, so no one will ever know you used us.

At first, I was seeing great results because I was making a lot of progress in a short amount of time. I was working out for 30 minutes, 3 days a week. But after a while, I started to plateau. I was still working out for 30 minutes, 3 days a week, but I wasn't seeing the same results.

This is because my body had adapted to the workout routine. I was no longer seeing the same benefits from working out for 30 minutes. I needed to increase the intensity or duration of my workouts in order to see more results.

The law of diminishing marginal returns is a concept that can be applied to many different areas of life. It's important to be aware of this concept so that you can make the most of your time and resources.

Identify a time when you saw a price that was “too good to be true.” Using the economic theory you learned in this unit, justify why the firm set the price below its average total cost of production.

Is AI Involved in Writing?

Nope—all human, all the time. Our writers are pros with real degrees, crafting unique papers with expertise AI can’t replicate, checked for originality.

I recently saw a price for a new car that was "too good to be true." The car was being sold for $10,000 below the manufacturer's suggested retail price.

Using the economic theory I learned in this unit, I can justify why the firm set the price below its average total cost of production. The firm may have been trying to attract new customers or clear out inventory. The firm may also have been trying to compete with other firms that were selling the same car for a similar price.

In this case, the firm was willing to sell the car below its average total cost of production because it was more important to them to attract new customers or clear out inventory than it was to make a profit on each sale.

Identify a business you visited in the past month. Thinking back to your visit and using it as a source of information, hypothesize the market structure for the firm you visited by explaining why you think the firm would or would not meet each of the characteristics of market structures.

Why Are You the Best for Research?

Our writers are degree-holding pros who tackle any topic with skill. We ensure quality with top tools and offer revisions—perfect papers, even under pressure.

I visited a local grocery store in the past month. I hypothesize that the grocery store is a monopolistically competitive market.

A monopolistically competitive market is a market structure in which there are many firms selling similar products, but each firm has some control over its price. This is because each firm has a unique product that is slightly different from the products of the other firms.

In the case of the grocery store, there are many other grocery stores in the area. However, each grocery store has a unique product mix that is slightly different from the product mixes of the other grocery stores. This gives each grocery store some control over its price.

The grocery store meets the following characteristics of a monopolistically competitive market:

Who Writes My Assignments?

Experts with degrees—many rocking Master’s or higher—who’ve crushed our rigorous tests in their fields and academic writing. They’re student-savvy pros, ready to nail your essay with precision, blending teamwork with you to match your vision perfectly. Whether it’s a tricky topic or a tight deadline, they’ve got the skills to make it shine.

Many sellers: There are many grocery stores in the area.
Similar products: The grocery stores sell similar products, such as produce, meat, dairy, and baked goods.
Some control over price: Each grocery store has some control over its price because it has a unique product mix.

The grocery store does not meet the following characteristics of a monopolistically competitive market:

Perfect knowledge: Consumers do not have perfect knowledge about the prices and products of all the grocery stores in the area.
Free entry and exit: It is difficult for new grocery stores to enter the market because of the high costs of building and stocking a grocery store.

Suppose a firm uses sugar in a product that you purchase. The firm vertically integrates by purchasing sugar farms that produce the sugar organically and in a way that makes it also sustainable for the environment. How would that influence your demand for that product? What other purpose than profitability might cause the firm to make this decision to vertically integrate in this way?

Will My Paper Be Unique?

Guaranteed—100%! We write every piece from scratch—no AI, no copying—just fresh, well-researched work with proper citations, crafted by real experts. You can grab a plagiarism report to see it’s 95%+ original, giving you total peace of mind it’s one-of-a-kind and ready to impress.

If a firm that I purchase a product from vertically integrates by purchasing sugar farms that produce the sugar organically and in a way that makes it also sustainable for the environment, I would be more likely to demand that product. This is because I am concerned about the environment and I want to support companies that are taking steps to reduce their environmental impact.

The firm might make this decision to vertically integrate for other reasons besides profitability

Tags: Australia dissertation writers, Australia essay writers, Canada essay writers, essay pro dissertation writers

Order|Paper Discounts

Why Choose Essay Bishops?

You Want The Best Grades and That’s What We Deliver

Top Essay Writers

Our top essay writers are handpicked for their degree qualification, talent and freelance know-how. Each one brings deep expertise in their chosen subjects and a solid track record in academic writing.

Affordable Prices

We offer the lowest possible pricing for each research paper while still providing the best writers;no compromise on quality. Our costs are fair and reasonable to college students compared to other custom writing services.

100% Plagiarism-Free

You’ll never get a paper from us with plagiarism or that robotic AI feel. We carefully research, write, cite and check every final draft before sending it your way.