Diminishing marginal utility explains a lot about human behavior. For example, it helps illuminate why diets fail, romances fade, too much exercise harms us, and many other things. Select a human behavior and construct a "mini case study" that highlights the workings of marginal utility.© BrainMass Inc. brainmass.com October 10, 2019, 6:02 am ad1c9bdddf
When I first got cable television, I spent a lot of time watching WWE wrestling programs. I derived greater utility from watching wrestling than from any of the other activities that I might have been doing at the time. However, as I watched ...
This mini-case study gives a creative example of how a certain behavior can be explained by the law of diminishing marginal utility.