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Economics explained


Behavioral economics

Marginal Utility Curve

Marginal Utility Curve

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The right column shows the diminishing marginal utility that comes with eating more and more slices of pizza because the marginal utility that comes with each additional slice is always less than that of the previous slice.

Specifically, although marginal utility is 8 utils for the first slice, it falls to 0 utils for slice five and then actually becomes negative for slices six because eating it makes just about anyone ill.

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