8 ms·
The "law of diminishing marginal utility" asserts that marginal utility is always positive. More is always better. In any case, it is a bizarre notion with per
by mikojan 4y ago
The "law of diminishing marginal utility" asserts that marginal utility is always positive. More is always better.
In any case, it is a bizarre notion with perhaps limited applicability in the real world.
- maxbond 4y agoI'm not sure economists have ever overeaten :) More is for sure not always better. For instance, there may be storage costs. I discourage people from giving me nonconsumable gifts, because I don't have enough space for the crap I already have. Other economic actors like corporations can totally have this problem.
- salawat 4y agoAlways, you say? Tell me about your thoughts on the marginal utility of child pornography. Need to be careful with those universals.