Diminishing Marginal Utility

694 Words3 Pages
Ashley Belmudez-Frakes Econ 2200 Honors Assignment 4/12/12 Dr. Williams SUBJECT: Nutty Professor and the Law of Diminishing Marginal Utility PRINCIPLES OF MICROECONOMICS: Law of Diminishing Marginal Utility- is based of a human behavior where a consumer can consume more units of a certain type of commodity. The utility which relates to the enjoyment and satisfaction a consumer or people receive from consuming goods and services. Thus marginal utility is the change in the total of the utility and this is where we see the law of diminishing marginal utility. First, the wants of the consumer are unlimited where each want can be satisfied. The more the consumer gets of a specific commodity the less the consumers desires. A point is reached where the consumer no longer wants any more “units” of that specific good. Finally, different type of wants or goods are not adequate for substitutes therefore marginal utility will decline as the consumer receives additional units of that specific good during a period of time. TV/MOVIE CLIP: In the “He’s Gonna Blow!” clip of the Nutty Professor, we see Professor Klump (Eddie Murphy), binge eating while watching Richard Simmons testimonials. He is crying and depressed as he takes a jar of M&Ms “to the head.” The Professor changes the station to a medical show and suddenly finds himself in a dream sequence in an operating room being prepped for emergency surgery in which the doctors state “he’s getting fatter!” and he becomes morbidly obese before everyone’s eyes. While searching for food to feed his emotional down falls, he finds (Jada Pinkett) with a whole cooked turkey and picks a leg from it, rather than going to get (Jada). At this point he enjoys the piece of turkey over the damsel in distress and finds himself not being satisfied, but suffering from indigestion and is ready to blow. APPLICATION OF PRINCIPLES:

More about Diminishing Marginal Utility

Open Document