Diminishing Marginal Utility Explained (w/ Step-By-Step Example) | Think Econ

Diminishing Marginal Utility Explained
In this video we explain what utility, total utility, and marginal utility are, and how they are used by everyone in everyday life!
This channel is just getting started so if you enjoyed the content, let us know by liking, commenting, sharing, and subscribing to the channel; it really helps us out. ALOT. We release weekly videos on Thursdays covering all things ECONOMICS!
If you have a great idea that you'd like featured, let us know in the comment section.
If you're interested in daily content, consider following us on Twitter or Instagram.
Twitter: / thinkeconyt
Instagram: / thinkeconyt
Enjoy, and have a great weekend!
~The THINK ECON Team
#consumertheory #marginalutility #economics
KEYWORDS:
Think Econ, marginal utility,
marginal utility economics,
marginal utility and total utility,
marginal utility formula,
marginal utility microeconomics,
marginal utility theory

[@ThinkEcon]

If you found the video helpful, feel free to like and subscribe for more economics content!

[@Vikermajit]

Thanks for producing these awesome econs. videos. Very informative, systematic and concise.

[@ThinkEcon]

I'm glad you find them helpful! :)

[@sherylenepillay3357]

lovee your way of teaching>>>

[@ThinkEcon]

Thank you! That’s encouraging to hear 😊

[@mohamedfakhri2157]

I'm graduated from faculty of commerce special in economics I'm Egyptian. How can I work as economist What certificates or courses which I need

[@ThinkEcon]

A little more information is needed for me to give you as accurate and answer as possible. Did you graduate from a school in Egypt, or one in Canada or the US? Are you interested in working in the private (for a company) or public (for the government) sector?

[@mohamedfakhri2157]

@@ThinkEcon from mansoura university in egypt.i would like to work in economics I'm 29 years

[@ThinkEcon]

@@mohamedfakhri2157 Would you like to work in Egypt or in a different country?

[@franb22]

Question: do you get more profit if i watch the full ad instead of skipping?

[@ThinkEcon]

That is a great question, and one which I have not got the answer to. One of the many mysteries of KZbin, I guess!

[@sof185]

The answer is yes, actually!

[@franb22]

@@sof185 Good to know, ty for info hehe

[@ThatoFX]

i llove the memes in this video 😂

[@ThinkEcon]

Thanks! I’m no professional video editor, but I tried my best 😂

[@franb22]

Anotha' one 🫵🏻