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

The paper is to be clear and concise  The paper should be formatted per current APA and 7-10 pages in length, excluding the title, abstract and references

The paper is to be clear and concise  The paper should be formatted per current APA and 7-10 pages in length, excluding the title, abstract and references page. Incorporate a minimum of 3 current (published within last five years) scholarly journal articles  or primary legal sources (statutes, court opinions) within your work. You will

  Critical Research Appraisal Assignment Goal: You will

  Critical Research Appraisal Assignment Goal: You will critically appraise a research design Content Requirements:  You will select one research report with a qualitative design and one with quantitative design and answer the following questions regarding the following categories: 1. Discuss what is meant by the term Qualitative Research ·