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Acronyms that contain the term law of diminishing marginal utility
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Term | Definition | Rating |
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DMU | Diminishing Marginal Utility |
What does law of diminishing marginal utility mean?
- law of diminishing marginal utility(Noun)
- In economics, the theory there is a general decrease in the utility of a product, as more units of it are consumed.
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"law of diminishing marginal utility." Abbreviations.com. STANDS4 LLC, 2024. Web. 28 Apr. 2024. <https://www.abbreviations.com/law%20of%20diminishing%20marginal%20utility>.
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