law of diminishing marginal utility
noun Economics.
the law that for a single consumer the marginal utility of a commodity diminishes for each additional unit of the commodity consumed.
Words nearby law of diminishing marginal utility
law of conservation,
law of contiguity,
law of contradiction,
law of cosines,
law of definite composition,
law of diminishing marginal utility,
law of diminishing returns,
law of dominance,
law of effect,
law of excitation,
law of excluded middle