Examlex
US manufacturer's are more likely to invest in high wages than countries with low wages according to the Conference Board.
Law of Diminishing Marginal Utility
An economic principle stating that as consumption of a good or service increases, the marginal utility derived from each additional unit decreases.
Marginal Utility
Marginal Utility is the added satisfaction or benefit a consumer receives from consuming one more unit of a good or service.
Diminishing Marginal Utility
The principle that the utility or satisfaction gained by consuming each additional unit of a good or service decreases as more of that good or service is consumed.
Marginal Utility
The extra pleasure or benefit derived from consuming an additional unit of a product or service.
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