Microeconomics of Samosa [SAMOSAnomics]



An analysis of total satisfaction a consumer gets while consuming Samosas ( indian snack ).
A consumer gets a diminishing satisfaction after every Samosa that he consumes. Over the few samosa consumption, his satisfaction level may be zero or negative.
Following graph illustrates the scientific method of look at the addition and total satisfaction of a consumer :
Marginal Utility is the additional satisfaction. Total Utility is the Overall Satisfaction.
The Graph above depicts that when the quantity of the consumption increases the additional satisfaction ( Marginal Utility ) decreases. Overall Satisfaction ( Total Utility ) increase for a few consumption and starts decreasing.
Finally the microeconomics principle - Law of diminishing marginal utility :
The law of diminishing marginal utility is a law of economics stating that as a person increases consumption of a product while keeping consumption of other products constant, there is a decline in the marginal utility that person derives from consuming each additional unit of that product.
Have fun with economics!

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