The Law of Diminishing Marginal utility

 Prior to beginning work on this discussion, read Farah Mohammed’s article, Why Are Diamonds More Expensive Than Water? (Links to an external site.)Links to an external site., as well as Chapter 5 in your textbook, especially Sections 5.1 and 5.3, and respond to the following: Describe the relationship between total utility and marginal utility. Explain if marginal utility can be negative. Examine the diamond-water paradox. Why are diamonds more expensive than water? Evaluate the law of diminishing marginal utility. Identify some items, explaining your reasoning, that do not follow the law of diminishing marginal utility. Evaluate how the law of diminishing marginal utility can explain the diamond-water paradox. The Law of Diminishing Marginal Utility paper Must be three to five double-spaced pages in length (not including title and references pages) and formatted according to APA style as outlined in the Ashford Writing Center’s APA Style resource (Links to an external site.)Links to an external site.. Must include a separate title page with the following: Title of paper Student’s name Course name and number Instructor’s name Date submitted For further assistance with the formatting and the title page, refer to APA Formatting for Word 2013 (Links to an external site.)Links to an external site.. Must utilize academic voice. See the Academic Voice (Links to an external site.)Links to an external site. resource for additional guidance. Must include an introduction and conclusion paragraph. Your introduction paragraph needs to end with a clear thesis statement that indicates the purpose of your paper. For assistance on writing Introductions & Conclusions (Links to an external site.)Links to an external site. as well as Writing a Thesis Statement (Links to an external site.)Links to an external site., refer to the Ashford Writing Center resources. Must use at least three scholarly, peer-reviewed, and/or other credible sources in addition to the course text. The Scholarly, Peer-Reviewed, and Other Credible Sources (Links to an external site.)Links to an external site. table offers additional guidance on appropriate source types. If you have questions about whether a specific source is appropriate for this assignment, please contact your instructor. Your instructor has the final say about the appropriateness of a specific source for a particular assignment. Must document any information used from sources in APA style as outlined in the Ashford Writing Center’s Citing Within Your Paper guide (Links to an external site.)Links to an external site.. Must include a separate references page that is formatted according to APA style as outlined in the Ashford Writing Center. See the Formatting Your References List (Links to an external site.)Links to an external site. resource in the Ashford Writing Center for specifications. Carefully review the Grading Rubric (Links to an external site.)Links to an external site. for the criteria that will be used to evaluate your assignment.

#Law #Diminishing #Marginal #utility

Share This Post

Email
WhatsApp
Facebook
Twitter
LinkedIn
Pinterest
Reddit

Order a Similar Paper and get 15% Discount on your First Order

Related Questions

Develop a disaster recovery plan for an organization. There are

Develop a disaster recovery plan for an organization. There are many different templates available online for you to use as reference and guidance. Your plan should cover the following sections (these sections detail the elements in a DR plan in the sequence defined by industry compliance standards ISO 27031 and

This week you will continue developing your marketing and communications

This week you will continue developing your marketing and communications plan for The Westside Coffee Company. The Westside Coffee Company has just created bagged ground coffee that it wants to start selling at its local grocery chain in the ground coffee section of the store. Create 2 proprietary trade promotion

I. Identify the significant free trade agreements and trade blocs

I. Identify the significant free trade agreements and trade blocs (intergovernmental agreements) of China, Japan, and Timor Leste. II. Review the Trade Statistics section in the globaledge website and describe the trade partners and major export/import goods for each country. Among the trade partners, how would the exchange rate influence

Due this week is your Course Project Presentation. The assignment

Due this week is your Course Project Presentation. The assignment asks you to create a narrated PowerPoint that reflects what you have learned about your chosen topic over the last 7 weeks. In an effort to ensure you develop the strongest presentation possible, this week you will participate in a

Start-ups have unique needs. They’re fast paced and flexible, responding

  Start-ups have unique needs. They’re fast paced and flexible, responding to change and very often operating without a lot of cash on hand. Their business model is either “flexible” or non-existent as they look for that “angel investor” that can help them take their product or service to the

Describe your patient’s health needs. Be specific. Then, explain the

Describe your patient’s health needs. Be specific. Then, explain the type of treatment regimen you would recommend for treating your patient, including the choice or pharmacotherapeutics you would recommend and explain why. Be sure to justify your response. Explain a patient education strategy you might recommend for assisting your patient

Introduction As part of the final project for this course

Introduction As part of the final project for this course you will develop and present in a video format an executive summary of a business plan. To get you thinking and working on this assignment, a short summary of the business you would like to develop is required by this

Topic 8 DQ 1 According to Helmenstine (2018), an independent

 Topic 8 DQ 1 According to Helmenstine (2018), an independent variable is the variable that is changed or controlled in a scientific experiment to test the effects on the dependent variable &adependent variable is the variable being tested and measuredin a scientific experiment. For my project on diabetics in the

Sotomayor’s Reasoning

Read the article and do the following: Prompt: Clearly articulate one specific way that structural injustice or one’s social identity influences one’s ability to do the right thing. Pick a specific example on which to focus your paper. Should make it obvious about what the article is about and come

500 WORD MINIMUM EACH DISCUSSION QUESTION a brief description of

500 WORD MINIMUM EACH DISCUSSION QUESTION  a brief description of the overall classification system of the DSM in your own words. Then discuss the strengths and limitations of the DSM. __________________________________________________________________________________ an explanation of how the client’s culture, gender, developmental, or lifespan background may contribute toward personal biases and diagnosis.

Methods of Social Research Literature Review and Critique Paper

You are to compare, contrast, and critique at least 2 social science academic peer-reviewed journal articles, that are either quantitative or qualitative, but not an opinion essay or review of the literature. Make sure your articles follow this format: Abstract or Introduction; Methods; Results; Discussion; References; and if a quantitative

Discuss the core drivers of globalization as identified by Dye &

Discuss the core drivers of globalization as identified by Dye & Stephenson (2010), with respect to logistics. Which have the greatest effect on the logistics function? What effect do the others have? Are these effects mainly positive, negative, or a mixture of both? Explain. Rodrigue (2012) discusses the concept of

Read the Solectron: From Contract Manufacturer to Global Supply Chain

Read the Solectron: From Contract Manufacturer to Global Supply Chain Integrator Case Study in the Simchi-Levi et al. text. Submit a response to each of the end-of-case discussion questions. Each question must be answered thoroughly, and responses must be supported by the concepts introduced in the Learn materials. Each question/answer

Write about”Coraline” as well as Nosferatu (a story similar to Count

**Disclaimer** Writer must have read the book or have some knowledge of “Coraline” as well as Nosferatu (a story similar to Count Dracula”. ***if needed I can submit some pictures of materials of reviews/slideshows we had for class*** Write a short essay (about three pages) in response to ONE of