DAIRY MILK SILK AS A DIMINISHING MARGINAL UTILITY

Diminishing Marginal Utility: -

Introduction: -

                             If a consumer consumes a product frequently in specific period of time, less additional utility he gets from an additional unit of the product.

TABLE INDICATING MARGINAL UTILITY AND TOTAL UTILITY

Units of consumption	Marginal utility	Total utility
1	40	40
2	30	70
3	20	90
4	10	100
5	0	100
6	-10	90
7	-20	70

Total utility: - total amount of utility that you derived from consuming total number of units.

 GRAPH INDICATING MARGINAL AND TOTAL UTILITY FOR NUMBER OF UNITS CONSUMED

EXAMPLE: -

1.          Did you ever tried eating 3 big at a Dairy milk silk with in less time? 
2.          Did you used entire data provided by the jio?

Assumptions: -

1.          It is assumed that utility can be measurable
2.          We should consume the units continuously
3.          Quality and quantity of the commodity is same
4.          Consumer tastes should me remain same