Law of Diminishing Marginal Utility | Easy Explanation скачать в хорошем качестве

Law of Diminishing Marginal Utility | Easy Explanation

The Law of Diminishing Marginal Utility is one of the most important laws of microeconomics and a foundation concept for Class 11 / Intermediate Economics. This law explains consumer behavior and helps us understand why consumers are willing to pay less for additional units of a commodity. According to this law, when a consumer consumes more and more units of the same commodity, the additional satisfaction (marginal utility) obtained from each extra unit goes on diminishing, while total utility may increase at a decreasing rate. For example, when a hungry person eats the first apple, they get high satisfaction. The second apple gives less satisfaction, the third even less, and after some point, additional apples may give zero or even negative utility. This video is very helpful for: • Class 11 Economics students • Intermediate / Junior College students • UGC NET & competitive exam aspirants • Telugu medium & bilingual learners 📌 Watch till the end for easy explanation, real-life examples, diagrams, exam-oriented points, and short tricks. Law of Diminishing Marginal Utility|gossen's law|first law of consumption|marshall law|meaning|Definition|Assumptions|Limitations| With examples|Diagrammatic explanation|English to Telugu clear explanation for inter 11|degree bcom Law of demand :    • Law of Demand | Easy Explanation with Real...   Methods of measuring national income:    • Methods of Calculating National Income | E...   #learnwithravali #marginalutility #diminishingmarginalutility #LawOfDiminishingMarginalUtility #MarginalUtility #EconomicsClass11 #IntermediateEconomics #UtilityAnalysis #EconomicsConcepts #LearnEconomics If you like this video, please subscribe to my channel Learn with Ravali