14Apr/056
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.
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Chandrachoodan Gopalakrishnan is a copywriter, photographer and goofball from Chennai. He is also an archaeologist, historian and a city lover. He is currently a documentary film-maker and desk-monkey for a film production house.
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April 14th, 2005 - 21:50
Does it have a corollary that mentions stealing it?
April 15th, 2005 - 04:15
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.
April 15th, 2005 - 11:50
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.
April 16th, 2005 - 09:18
Sounds like a Murphy’s Law, adapted for India
April 16th, 2005 - 14:57
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
November 15th, 2006 - 23:18
i had never understood the law so clearly even in my economics class