Law_of_diminishing_marginal_utility
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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.
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Based on the Random House Dictionary, © Random House, Inc. 2013.
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Based on the Random House Dictionary, © Random House, Inc. 2013.
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Law of diminishing marginal utility
is always a great word to know.
So is ninnyhammer. Does it mean:
| a fool or simpleton; ninny. |
| a chattering or flighty, light-headed person. |
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