 Moment ratios converge to the essential supremum

For a bounded measurable function with positive essential supremum on a finite measure space, put $M_n=\int |f{|}^n$. The Cauchy-Schwarz inequality makes these moments log-convex, so successive ratios are nondecreasing. Their product satisfies $M_n/M_0\le (M_{n+1}/M_n{)}^n$, while each ratio is at most the essential supremum. Positive-measure level sets arbitrarily close to that supremum make $\mu (E{)}^{-1/n}\Vert f{\Vert }_n$ converge to it. Squeezing then proves the ratio limit.