Word Pronunciation & Dictionary

law of diminishing marginal utility

Word Rarity Rare

Frequency: Zipf frequency 3.17 in modern English

Syllables: law of di-min-ish-ing -marginal u-til-i-ty
IPA

50

Scrabble Score

31

Letters

8

Syllables

16

Unique Chars

Meaning

noun

The theory that as the quantity of a good or service consumed increases, the additional satisfaction (marginal utility) gained from each additional unit decreases, reflecting a general decline in utility for each successive unit consumed.

Inflected Forms

laws of diminishing marginal utility (plural)

Questions

What does law of diminishing marginal utility mean?: The theory that as the quantity of a good or service consumed increases, the additional satisfaction (marginal utility) gained from each additional unit decreases, reflecting a general decline in utility for each successive unit consumed.

How to pronounce law of diminishing marginal utility

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