(redirected from Law of Diminishing Marginal Utility)
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LDMULearning Development and Media Unit
LDMULaw of Diminishing Marginal Utility (economics)
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The second concept is the law of diminishing marginal utility, which states that the more of something you have, the less value you receive from an additional unit of it.
The law of diminishing marginal utility seems to have been suspended or is inapplicable in this regard.
According to him, the marginal utility of borrowed money is an exception to the Law of Diminishing Marginal Utility and it could get people hooked to borrowing.