Diminishing Marginal Utility
The more of
the good one contain in a specific period of time, less the additional utility
derived from the additional unit of the good.
The shorter
the time period the fastest the utility diminishes.
Example: It about Saturday night, our college
mess was closed se we went to Mughal era for dinner, I was starving due to
hunger, I order 6 tandoori roti with butter chicken and started eating I eat 4
tandoori in 4min because of hunger but after 4 tandoori I started losing my interest
in rest 2 because my stomach was full and leave rest 2 roti as it is.
No comments:
Post a Comment