| 1. | It is further assumed that individuals will eventually experience diminishing marginal utility.
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| 2. | It was here that he introduced his curve of diminishing marginal utility.
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| 3. | An exception to the law of diminishing marginal utility or not?
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| 4. | Is diminishing marginal utility a significant concern in formal education?
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| 5. | The diminishing marginal utility of income explains why the family would work fewer hours.
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| 6. | Thus, the concept of diminishing marginal utility should translate itself into a downward-sloping demand function.
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| 7. | This is the law of diminishing marginal utility.
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| 8. | Indeed, Smith himself doesn't seem to have had much truck for the diminishing marginal utility of income.
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| 9. | The pizza buffet anecdote was actually an example of what economists call the law of diminishing marginal utility.
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| 10. | Quantified utility models simplify the analysis of risky decisions because, under quantified utility, diminishing marginal utility implies risk aversion.
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