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.
- About
- Chandrachoodan Gopalakrishnan is a copywriter, photographer and goofball from Chennai.
- He is currently a Post-Graduate student at the University of Bristol
- chandrachoodan@gmail.com
- Syndicate:
RSS/XML-
- More options coming soon, but first, I need a cup of coffee.
- Links:
- Archives:
- Categories:
- Bling:
- Meta:
- Login
- RSS
- Comments RSS
- Valid XHTML
- XFN
- WP
This work is licensed under a Creative Commons Attribution-ShareAlike 2.5 License.
-
April 14th, 2005 at 9:50 pm
Does it have a corollary that mentions stealing it?
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.
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.
April 16th, 2005 at 9:18 am
Sounds like a Murphy’s Law, adapted for India
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
November 15th, 2006 at 11:18 pm
i had never understood the law so clearly even in my economics class