A man has bought six slices of pizza. He ate first one. He enjoyed the taste. It satisfied his energy. He took second one. It gave 'marginally' less enjoyment and fulfillment. After eating third, his satisfaction further decreased. After fourth one, he felt a little satisfaction. When eating fifth slice, he felt nothing. He reached the saturation point. Sixth slice made him uncomfortable and nauseating- a negative effect. Pizza slices can be named as unit of consumption in Economics. The satisfaction is named 'utility' or marginal utility. Let us make a table and allot points for satisfaction or utility. Pizza slices satisfaction total utility or ...
Tons of knowledge as digestible nuggets