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The Law of Diminishing Marginal Utility - Easy Explanation with Examples
Автор: Economics is interesting
Загружено: 2025-12-16
Просмотров: 68
Описание:
In this video, you will be learning the Law of diminishing marginal utility in a simple and easy way with real-life examples. You will learn how satisfaction (utility) changes as a consumer more and more units of the same good..
The video covers:
a. Meaning of total utility & marginal utility
b. Explanation of the Law of diminishing marginal utility
c. simple everyday example (food based examples for easy understanding)
d. Assumptions of the law
e. Difference between total utility and marginal Utility
f. Relation between marginal utility and consumer behaviour.
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