Diminishing marginal utility/Definition: Difference between revisions
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imported>Nick Gardner (Created page with "<noinclude>{{Subpages}}</noinclude> The proposition, usually stated as a law, that there is a diminution in the satisfaction gained per unit of a good, each time an extra unit of...") |
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The | The axiom, usually stated as a law, that there is a diminution in the satisfaction gained per unit of a good, each time an extra unit of that good is received. | ||
Latest revision as of 10:16, 3 January 2012
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Diminishing marginal utility [r]: The axiom, usually stated as a law, that there is a diminution in the satisfaction gained per unit of a good, each time an extra unit of that good is received.