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Law of Diminishing Marginal Utility (view source)
Revision as of 11:01, March 29, 2007
, 11:01, March 29, 2007no edit summary
The Law of Diminishing Marginal Utility states that one's marginal [[utility]] decreases with each additional unit of a [[good]] they purchase. One may still get positive utility from increased consumption, but at a smaller (and increasingly smaller) rate.
{{stub}}The Law of Diminishing Marginal Utility states that one's marginal [[utility]] decreases with each additional unit of a [[good]] they purchase. One may still get positive utility from increased consumption, but at a smaller (and increasingly smaller) rate.
[[Category:Economics]]
[[Category:Economics]]