The topic under discussion deals with Market Structure - Profit Maximization.

1. Explain how the law of diminishing returns will at some point yield lower per-unit returns. Additionally, explain its impact to profit maximization in a firm.
2. Give three real-world examples of implicit costs associated with economic profit that are not included in this week's materials.

Please help to conduct the answer by using the following sources: Course Sidekick. (n.d.). Principles of Economics

https://www.coursesidekick.com/economics/study-guides/boundless-economics/the-production-function https://www.coursesidekick.com/economics/study-guides/boundless-economics/production-cost https://www.coursesidekick.com/economics/study-guides/boundless-economics/economic-profit Miller, R. L. (2015). Economics Today. Pearson.