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Muhammad Afzal

M.Tabassum Sultan

Mian M.Tahir Khalil

 Thanks

to Almighty Allah, Who gave us the strength to accomplish this Project.

Thanks to Respected Prof. Taseer Salahuddin for her

hard work throughout the semester.

Due

to her hard work, we are able to complete this Project Poem

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Poem
On

Marginal Utility
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A man is known for his ability A land is known for its fertility A laptop is known for its mobility Economics is known for Marginal Utility

You will gain some utility if you eat a pack of Peanut Marginal Utility is a consumption of an additional unit If other factors will remain freeze Total Utility will Increase Marginal Utility will Decrease

Let me explain you more my dear friends Graph of Marginal Utility have Downward Trends Desire of a person has no ends Graph of Total Utility have upward Trends By reading Books your Knowledge will update TU increasing at declining rate If you learn more, please wait Now Mian Tahir will further elaborate

Law of DMU have some assumptions Units of Commodity have some consumptions If the commodity change during function Its will become cause of Law Rejection

A man is known for his ability A Land is known for its fertility A laptop is known for its mobility Economics is known for Marginal Utility
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You will gain some utility if you eat a pack of Peanut

Marginal Utility is a consumption of an additional unit

If other factors will remain freeze Total Utility will Increase Marginal Utility will Decrease
Units Total Utility Marginal Utility

0 1 2 3 4

0 10 15 15 10

0 10 5 0 -5

Let me explain you more my dear friends Graph of Marginal Utility have Downward Trends
12 10 8 6 4 2 0 -2 -4 -6

Marginal Utility

MU Downwards

Desire of a person has no ends Graph of Total Utility have upward Trends
Total Utility
20 Axis Title 15 10 5 0 1 2 3 4 5
10

Total Utility, 10

By reading Books your Knowledge will update

TU increasing at declining rate

Total Utility
20 Axis Title 15 10 5 0 1 2 3 4 5
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Total Utility, 10

If you learn more, please wait Now Mian Tahir will further elaborate

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Law of MU has some assumptions Units of Commodity have same consumptions

Continuous Use Same Quantity & Size Reasonable Size No change in Income & Taste
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If the commodity change during function Its will become cause of Law Rejection Desire of Money Utility of Knowledge Hobby Fashion Fashion Use of Narcotics
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Units 0

Total Utility 0

Marginal Utility 0

1
2 3 4

10
15 15 10

10
5 0 -5
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20

15

Total Utility, 10

10
MU & TU

5 MU 0 1 -5 2 3 4 5

-10

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Im happy that youre our teacher; I enjoy each class you teach. As our role model you inspire us To dream and to work and to reach.

Its Prof. Taseer whos patient, even in stress. Who never gives less than the very best! Not that We were the perfect students, But you were the perfect teacher for us!
You help us fulfill our potential; We shall thankful for all that youve done. We admire you each day, and We just want to say, As a teacher, youre number one!

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Im happy that youre my teacher; I enjoy each lec you teach. As my role model you inspire me To dream and to work and to reach.
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Its Prof. Taseer whos patient, even in stress. Who never gives less than the very best! Not that I was the perfect student, But you were the perfect teacher for me!
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You help me fulfill my potential; Im thankful for all that youve done. I admire you each day, and I just want to say, As a teacher, youre number one!

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Any Questions ???

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