Purchase Solution

Diminishing marginal utility in real life: Creative example

Not what you're looking for?

Ask Custom Question

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.

Purchase this Solution

Solution Summary

This mini-case study gives a creative example of how a certain behavior can be explained by the law of diminishing marginal utility.

Solution Preview

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 ...

Purchase this Solution


Free BrainMass Quizzes
Pricing Strategies

Discussion about various pricing techniques of profit-seeking firms.

Elementary Microeconomics

This quiz reviews the basic concept of supply and demand analysis.

Basics of Economics

Quiz will help you to review some basics of microeconomics and macroeconomics which are often not understood.

Economic Issues and Concepts

This quiz provides a review of the basic microeconomic concepts. Students can test their understanding of major economic issues.

Economics, Basic Concepts, Demand-Supply-Equilibrium

The quiz tests the basic concepts of demand, supply, and equilibrium in a free market.