Selective Amnesia

The Law of Diminishing Marginal Utility

Can be summed up in one mango.
The first Mango of the season, no matter how small, gives you more satisfaction and pleasure than the biggest ones later on in the season, as they are more plentiful.

Posted by Chandrachoodan Gopalakrishnan on April 14th, 2005 | Filed in General/Unclassified |

6 Responses to “The Law of Diminishing Marginal Utility”

curses Says:
April 14th, 2005 at 9:50 pm
Does it have a corollary that mentions stealing it?
YardBoy Says:
April 15th, 2005 at 4:15 am
Here in Rochester, NY, we’re getting early ‘gos from Mexico. They’re small, brilliant gold, labeled Champagne and no Alphonso. Guess I better return to Chennai in about 10 days.
Ravikiran Rao Says:
April 15th, 2005 at 11:50 am
That’s ridiculous. The law of diminishing marginal utility does not apply to mangoes. The only reason to stop eating mangoes is that when the rains start eating them gives you a stomach upset.
satosphere Says:
April 16th, 2005 at 9:18 am
Sounds like a Murphy’s Law, adapted for India
Ravages Says:
April 16th, 2005 at 2:57 pm
It does Ravi, Perfectly. For I tried it out last year, and this year too.

In fact, LDMU is the basis of restaurant’s eat-allyou want buffets, isn’t it?

Sat, it’s not a law like Murphy’s. This is an actual law used in the derivation of Demand in Economics
ShallowOcean Says:
November 15th, 2006 at 11:18 pm
i had never understood the law so clearly even in my economics class