Reviewed by Thomas J. CatalanoFact checked by Michael RosenstonReviewed by Thomas J. CatalanoFact checked by Michael ...

In economics, the law of diminishing marginal utility states that the added benefit of consuming more of a product or service declines as its consumption increases. That is, the satisfaction or ...

Stephen Martin, The Kaldor–Hicks Potential Compensation Principle and the Constant Marginal Utility of Income, Review of Industrial Organization, Vol. 55, No. 3, Special Issue: Economies as an ...