Diminishing marginal utility and the demand curve

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[@aishaafify3964]

you perfectly explain everything and just make it sound so simple! thank you, you’re indeed saving me

[@EnhanceTuition]

+aisha afify Thanks Aisha. I try to look for the easiest way to explain something so I’m glad it’s working for you!

[@chidiikepeace2300]

Thanks for the explanation, it made my work so easy

[@draculanova6548]

The best explanation of this point that I've seen.

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[@fatimaali764]

Simple, concise, very well explained. Thank you for saving my life 🙏🏻🙏🏻

[@user-bg8ru5ow2e]

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are there any videos for A2 Labour market??

[@saltlifo5598]

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[@ayushkalathiya3055]

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[@ayushkalathiya3055]

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[@harshbhardwaj1666]

Thank you so much sir 👍 ... Means demand of a pizza or any other commodity will fall against marginal utility

[@EnhanceTuition]

It means marginal utility falls as more units of a good are consumed. It’s the reasoning behind the downward sloped demand curve.

[@harshbhardwaj1666]

I got it sir ....

[@24434sa]

Hey sir, you made a mistake because on the table you said that the marginal unity of 3 pizza's is 5 and on the graph you said 6. Great video though thanks :)

[@EnhanceTuition]

Was probably thinking about pizza too much at that time. Thanks for correcting me!

[@abcd1517]

best lectures

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Thank you!

[@mohammedbilal227]

For me, the pizza would have the same utility for the 100th slice as the first slice hahah

[@EnhanceTuition]

Ha! Some days it feels like that!

[@aayushkumar7442]

Why utility is a subjective or relative concept?

[@EnhanceTuition]

It is hard to adequately value one’s utility. How I measure satisfaction is different to how someone else does.

[@mimanshakumari911]

it has negative relationship or position

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Can you elaborate on your question?

[@shawnmugobi587]

ive got my exams in 4 hours lol

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Good luck!