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diminishing marginal utility

The property that marginal utility falls as the quantity consumed of a single good or service rises. This is neither necessary nor sufficient for most common results in economic theory, but it is a property of mostutility functions that are well behaved.

Related information about diminishing marginal utility:
  1. Marginal utility - Wikipedia, the free encyclopedia
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  3. Diminishing marginal utility - The Free Dictionary
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    LAW OF DIMINISHING MARGINAL UTILITY: The principle stating that as more of a good is consumed, eventually each additional unit of the good provides less ...
     
  8. Diminishing Marginal Utility of Income? Caveat Emptor Richard A ...
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