I know a lot of you readers have graduated and are now onto
full time working jobs, mommy jobs, or various other non-school jobs. (Or somehow, you’re living on the street and
still have a computer.) But Derek and I
are still here suffering in the thick of it.
Because of that, we’ve decided to share a portion of our vast
intelligence with you. Today’s
lesson: The law of diminishing marginal
returns.
Diminishing marginal returns is an economic law that
describes how the value of something diminishes with each additional unit. For example, if you could have one scoop of
ice cream you would enjoy it a lot. If
you were offered a second scoop, you would likely still enjoy
it. (Who wouldn't want another scoop?) However, after more and more scoops, thoughts of
your waistline or of a resulting stomachache would cause you to reject an
additional scoop of ice cream, even if it were given for free.
Another way to think about it is that once a company reaches a certain size, the
last employee hired is going to be at least slightly less productive than the
previous ones. The reason for that is
that for each additional employee, more inefficiency is introduced into the
system. With this new hire, the HR
department now has one more person to worry about, same as the financial
department, etc. More energy must be
inserted into the operation in order for them to bring forth the same amount of
work.
Extra credit to anyone that can find the spelling error. Hint: It's not labour (even though labor is the official American spelling). |
Derek wrote that last paragraph. It makes no sense to me. But, I know that I like ice cream!
Or even when I’m given one candy bar, I enjoy it more than
if I’m given three. If I only have one,
I’m gonna make that one count. But if I have three, it doesn’t matter if the
first isn’t good, I still have two more.
Overall, three candy bars is better than one. But individually, one candy bar is better
than the third consecutive.
Let's see an example of this concept found in literature |
So that we’ve got the basics, let’s apply this to other
areas of life.
- If you’re given a cell phone, it’s awesome. If you’re given a second cell phone, not as awesome.
- Turning on the first light makes a bigger difference than turning on the second light.
- Chuck-a-rama. At some point, you just have to stop.
- Church. That’s why most wards put Sacrament meeting first. . .
- Running....Derek wanted me to add that the more you run the stupider it gets. "The first block is fine! But once you get to the second and third, I'm about done."
- Disney movies. The sequel is never as good.
- Kids. My parents like Leslie better than Kyra, and Kyra better than me. Wait. …what?
If we’re basing family size off of the law of diminishing
returns, the more kids you have the less they each mean to you. (Sorry Spencer.) So once you have ten kids, you might see one
of them and not even know if it’s yours, right?
Fortunately, no.
This is where the law breaks down. If you look at any family….whether it has 3
kids, or 6 kids, or even 13…take one of the children out and there’s a
significant difference. Each person
matters—thank heavens.
Not only is my mom telling the truth that she loves us all,
but when we read about God’s love, He really cares about each of us.
”And were it possible that man could number the particles of
the earth, yea, millions of earths like this, it would not be a beginning to
the number of thy creations; and thy curtains are stretched out still; and yet
thou art there, and thy bosom is there; and also thou art just; thou art
merciful and kind forever.” (Moses 7:30)
Somewhere within that mess of stars I'm sitting here at my computer. |
I don’t know how many little sand particles there are on
earth, but there are a lot. And to think
that each represents millions of earths like this is pretty humbling. How could Heavenly Father ever hear anyone’s prayers, let alone my
simple prayer when I feel lonely or tired.
But just as a perfect Father, He hears us because He loves us and does
care.
Alright, who’s got the closing prayer for class today?
We hope you liked our lesson today! Go home, teach your families, tease
your younger siblings. And we’ll see you
next week with a quiz!