Applications | RapidIdentity * Topic: Week 3 Discussion - Dimin X * Dashboard x / + V X learn.vccs.edu/courses/491423/discussion_topics/5444793?module_item_id=32204747 GC297.ECO.202.W52A.S... > Discussions > Week 3 Discussion - Dimi... CC Summer 2022 . . . me nouncements This is a graded discussion: 20 points possible due Jul 18 nple Syllabus Week 3 Discussion - Diminishing Returns 11 11 odules ades Overview brary Help toring Services Diminishing returns is a concept, or more precisely, an empirical finding that shows up in a variety of places in microeconomics. One could see it in a discussion on utility or production and costs. melyCare What do economists mean by "diminishing returns" to an input? What causes diminishing returns? Have you ever observed this principle at work in a job you had? Describe how you have experienced this concept in the real world. Apply economic theories and models to support your response. This correlates to Module Objective 4.1. This correlates to Course Objective 1. Instructions Be sure to respond to 2 of your peers. You will notice the due dates are split for the Discussion Board into Initial Post (due Saturdays) and Respond to Peers (due Mondays). This is designed to encourage a true dialogue amongst students. Ask thoughtful questions when replying to your peers. Your responses to your peers should be more than, "I agree/disagree." You want to continue to add to the economic discussion by utilizing some of the concepts from class. Discussion boards are a great time to apply your newfound economic knowledge to real life. Political answers are not acceptable in this course. Reread your post before submitting. You will not see any of vour classmates' nosts or ronlies until you have completed vour initial nost Blank nosts to see other ronlies ahead of Type here to search 78'F Sunny ~ D ( 41) 9:50 AM 7/13/2022