Question

ARALING PANLIPUNAN

Instructions.

In this discussion, you are asked to read and analyse the short story below and answer the process questions provided.

EKO: Ugh! I can not take it anymore
MIYA: Who says you can do siomai-all-you-can?

EKO: No, I just thought.
MIYA: Are you full yet? =))
EKO: Actually, no. I'm still hungry. Just fed-up.

SELLER: We called that Diminishing Marginal Utility.
EKO: Say what now?
SELLER: The "utility" of something - the satisfaction you get from it - decreases a bit as you increase your consumption more and more.
EKO: So the taste is really bad?
SELLER: Just for you, because you've eaten a lot.

MIYA: Eh how do you sell a lot like that?
SELLER: So we have another merchandise product - like this hamburger.

EKO: All right, that's fine.
MIYA: Sigh.
PROCESS QUESTIONS:

1. EKO was not full. However, he felt "fed-up". What is the reason why EKO lost his appetite?

2. Is it true that the siomai that EKO eats tastes bads?

3. What is the relationship of the principles of Diminishing Marginal Utility to wise decision-making?

Answer 1

1.eko lost his appetite due to diet..

2.no it is not.

3.The law of diminishing marginal utility directly relates to the concept of diminishing prices. As the utility of a product decreases as its consumption increases, consumers are willing to pay smaller dollar amounts for more of the product.