banner-img

Learning can be easier with EX - Library.

Explore our newest feature, a reliable informational resource you've been looking for!
Join |
< Back to questions :: Q&A / B2B / Food and Agricultural Produce

Diminishing marginal utility

B2B
Food and Agricultural Produce
From Colombia
To Greece
537 views / 1 experts
Andrea T.
Jul 21, 2021

What is diminishing marginal utility?

1 answer

Amber S.
Jul 21, 2021

This is economic law stating that the amount of satisfaction derived from a particular good or service will diminish with each successive purchase of that good or service. The first donut you buy, for example, may satisfy your hunger, but each successive purchase will bring you less and less satisfaction.

read more

Top Rated Experts

Raymond Yang
Raymond Y.
Leon Lacroix
Leon L.
Amber Stellingwerf
Amber S.
This website uses cookies. By using this website, you consent to our use of these cookies