Search results
Results from the WOW.Com Content Network
In simple terms, the law of diminishing marginal utility means that the more of an item that you use or consume, the less satisfaction you get from each additional unit. Key...
If you're seeing this message, it means we're having trouble loading external resources on our website. If you're behind a web filter, please make sure that the domains *.kastatic.org and *.kasandbox.org are unblocked.
The law of diminishing marginal utility states that the initial consumption of a good or service provides a high level of utility, but, as the consumption continues, its marginal utility from each additional unit starts decreasing.
The law of diminishing marginal utility states that commodities become less valuable as more of them are acquired.
In economics, the law of diminishing marginal utility states that the added benefit of consuming more of a product or service declines as its consumption increases.
The Law of Diminishing Marginal Utility states that the additional utility gained from an increase in consumption decreases with each subsequent increase in the level of consumption. Marginal Utility is the change in total utility due to a one-unit change in the level of consumption.
The law of diminishing marginal utility is a law of economics that states that as your consumption increases, the satisfaction you derive from each individual unit decreases.
Diminishing Marginal Utility is a principle within the field of economics that describes the decrease in the added satisfaction a consumer gains from consuming one more unit of a good or service.
Diminishing marginal utility is an economic principle that states as a person consumes more of a good or service, the additional satisfaction or benefit derived from each additional unit decreases. This concept is central to understanding how individuals make choices based on their budget constraints and consumption decisions.
The law of diminishing marginal utility states that, as consumption of a commodity increases, the initial satisfaction derived from its consumption also increases, but eventually, the utility from additional units of consumption starts decreasing.