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marginal utility
(redirected from Diminishing marginal utility)

   Also found in: Financial, Acronyms, Encyclopedia, Wikipedia 0.01 sec.
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.marginal utility - (economics) the amount that utility increases with an increase of one unit of an economic good or servicemarginal utility - (economics) the amount that utility increases with an increase of one unit of an economic good or service
economic science, economics, political economy - the branch of social science that deals with the production and distribution and consumption of goods and services and their management
utility - (economics) a measure that is to be maximized in any situation involving choice


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He focused his presentation on four key areas: Technology solutions provide diminishing marginal utility, focus on better understanding cybernetics (human machine interactions), understand cyber-terrorism at enterprise level, the need to perform certain unconventional roles (building technology tracking systems ahead of attacks, prepare to accept the complexity of digital security and plays the roles of educator and mentor).
Al-Shaybani, for example, discussed the issue of consumption behaviour and touched on the idea of what nowadays in economics is called the law of diminishing marginal utility.
Too many choices generate a diminishing marginal utility and actually hinder conversion.
 
 
 
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