Law of Diminishing Marginal Utility

From Conservapedia
This is an old revision of this page, as edited by Ed Poor (Talk | contribs) at 11:41, March 29, 2007. It may differ significantly from current revision.

Jump to: navigation, search

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.