Praxeology- The Law of Diminishing Marginal Utility

The Law of Diminishing Marginal Utility– A law of economics stating that as a person increases consumption of a product, while keeping consumption of other products constant, there is a decline in the marginal utility that person derives from consuming each additional unit of that product.  http://www.investopedia.com/terms/l/lawofdiminishingutility.asp#ixzz1XWOyIxAk

 http://praxeology.tv/

The eleventh lesson https://hessenflow.wordpress.com/2011/09/18/praxeology-the-law-of-returns/

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About Christopher Hessenflow

Christopher Hessenflow is a financial planner in the Chicago area. He works with all sorts of people who are much more interesting than he is. He enjoys his career which lends him time to think and, sometimes, be creative. Chip was born bald.
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One Response to Praxeology- The Law of Diminishing Marginal Utility

  1. Pingback: Praxeology- Uncertainty | Practical Praxeology

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