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7.1.2 diminishing marginal utility
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The central idea

The central idea

Diminishing marginal utility is the tendency for the extra satisfaction from each additional unit of a good to fall as more is consumed within a period. The law of diminishing marginal utility generalises this tendency to almost every good.

7.1.2 diminishing marginal utility Lesson

  1. Intl A Level
  2. /Economics
  3. /7.1.2 diminishing marginal utility

Step-by-step lessons on CIE Intl A Level Economics 7.1.2 diminishing marginal utility. Each one builds up to exam-style questions.