In economics, utility is the satisfaction or benefit derived by consuming a product; thus the marginal utility of a good or service is the change in the utility from an increase in the consumption of that good or service. (Thanks Google! 😉)
Ihalintulad natin sa pakikipagrelasyon. Ang happiness mo with someone ay katumbas ng kung gaano ka ka-satisfied sa relasyon nyo. Kapag daw mas nag-invest ka ng masidhing emosyon para sa isang tao, tumataas ang satisfaction, mas tinatangkilik, mas nagiging masaya. Pero dahil sa naimbentong kataga na “individual differences”, meron din ibang tao na hindi tinatalaban nito. Instead, they feel exactly the other way around.
Marginalism explains choice with the hypothesis that people decide whether to effect any given change based on the marginal utility of that change, with rival alternatives being chosen based upon which has the greatest marginal utility. (Credits to Google again! 😉)
At the end of the day, yung taong may ari ng pusong tumitibok pa rin ang magdedesisyon kung ipagpapatuloy nya ba yung pinasukan nya o hahanap sya ng ibang makakapagbigay sa kanya ng greater satisfaction.
In the context of cardinal utility, economists sometimes speak of a law of diminishing marginal utility, meaning that the first unit of consumption of a good or service yields more utility than the second and subsequent units, with a continuing reduction for greater amounts. Therefore, the fall in marginal utility as consumption increases is known as diminishing marginal utility. (Thanks again Google for the Nth time! 😉)
Eto na yung sad truth na part ng analysis ko. Pag sinabing ‘diminishing’ ibig sabihin unti-unting nawawala. Aw! Siguro iniisip mo, ‘sana bigla na lang para di masyadong masakit!’ Well, dahil pa rin sa “individual differences” iba-iba pa din ang pagtanggap ng mga tao sa idea ng law of diminishing marginal utility. Kahit ano pa man ang pagtanggap mo dito, iisa lang ang idea nito – na totoong nangyayari sa tunay na buhay na sa umpisa pabibo si Kuya pero habang tumatagal, nababawasan na. Bumababa tuloy ang satisfaction ni Ate, nagiging mapaghanap sya. At pag di nya pa rin nahanap yun sa’yo, posibleng hanapin nya yun sa iba. Kabahan ka na! 😱
Pinagaralan ng husto yung pinagbatayan ko na mga terms at law. Connect naman diba? Nangyayari sya sa totoong buhay. So alam nyo na, para magtuloy-tuloy ang consumption, kailangan maging satisfied ang customer. In this way, lalago ang business, magiging loyal and happy ang customer! Di nila tayo iiwan! (Drops the mic! Boom! 💥)
⚠️DISCLAIMER⚠️
This post is inspired by a convo I just had few minutes ago by my friend (I will not reveal the name!)…
You’ve reached this point, thanks for reading tho! 😉
Love, JG 