Economics - Microeconomics - Consumer theory and utility - The Pizza Problem
An interactive demonstration of diminishing marginal utility. Students rate their satisfaction (1-10) for each successive slice of pizza. Slice 1: probably 9-10 (you're hungry!). Slice 2: maybe 8. Slice 3: maybe 6. Slice 4: maybe 3. Slice 5: maybe 1 or even negative (feeling sick!). The bar chart sh