what does Diminishing Marginal Utility mean?

Question

Jake15 · Answer

The law of diminishing marginal utility explains that as a person consumes an item or a product, the satisfaction or utility that they derive from the product wanes as they consume more and more of that product. For example, an individual might buy a certain type of chocolate for a while.

jalissa50925 · Answer

thank u so much!

Jake15 · Answer

@jalissa50925 wrote:

thank u so much!

np

Jake15 · Answer

hope that helps

jalissa50925 · Answer

it sure did!

Alexis1415 · Answer

@jake15 wrote:

The law of diminishing marginal utility explains that as a person consumes an item or a product, the satisfaction or utility that they derive from the product wanes as they consume more and more of that product. For example, an individual might buy a certain type of chocolate for a while.

Source: https://www.investopedia.com So you don't get a warning c:

Jake15 · Answer

@alexis1415 wrote:

@jake15 wrote:

The law of diminishing marginal utility explains that as a person consumes an item or a product, the satisfaction or utility that they derive from the product wanes as they consume more and more of that product. For example, an individual might buy a certain type of chocolate for a while.

Source: https://www.investopedia.com So you don't get a warning c:

sorry

jalissa50925 · Answer

thanks!

Alexis1415 · Answer

@jake15 wrote:

@alexis1415 wrote:

@jake15 wrote:

The law of diminishing marginal utility explains that as a person consumes an item or a product, the satisfaction or utility that they derive from the product wanes as they consume more and more of that product. For example, an individual might buy a certain type of chocolate for a while.

Source: https://www.investopedia.com So you don't get a warning c:

sorry

You're fine, just make sure if you use sentences from sources you list the link to it so you don't get in trouble for plagiarizing without giving credit to the original owner!

Jake15 · Answer

ok i forgot

Nior · Answer

Diminishing Marginal Utility refers to the phenomenon that each time a profit unit is added, the subjective value increase becomes even smaller.

jalissa50925 · Answer

Diminishing Marginal Utility refers to the phenomenon that each time a profit unit is added, the subjective value increase becomes even smaller.

Nior · Answer

@jalissa50925 wrote:

Diminishing Marginal Utility refers to the phenomenon that each time a profit unit is added, the subjective value increase becomes even smaller.

Please don't steal words if you didn't right them cause I wrote that.