Case study about decreasing returns
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case study about decreasing returns
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Concept: [e.g. diminishing marginal utility, law of diminishing returns, etc.] How it works: [e.g. each additional unit of input produces less output than the previous unit, etc.] Example: [e.g. if you eat one cookie, you'll be happy; if you eat two cookies, you'll be happier; if you eat three cookies, you'll be even happier; but if you eat four cookies, your happiness will decrease because your stomach will hurt] Real world example: [e.g. a farmer who adds more and more fertilizer to his crops will see less and less growth from each additional unit of fertilizer] Structure: Introduce the concept of decreasing returns Explain how it works Give an example of decreasing returns in action Provide a real world example of decreasing returns in action