Random good picture Not show

1 Given diminishing marginal utility of income, more income in one period can not compensate for lower income in another period.

2 Diminishing marginal utility also expresses a " variety is the spice of life ".

3 Usually the utility function will show diminishing marginal utility: As more and more of a good is consumed,(www.Sentencedict.com) the consumer obtains smaller and smaller increments to utility.

4 this is an implication of diminishing marginal utility of income.

5 The principle of diminishing marginal utility is no less applicable to money than to other commodities.

6 The law of diminishing marginal utility is the foundation of utility theory of microeconomics. There are lots of disputes about it in academia.

7 However, the triumph of marginal and diminishing marginal utility has, in a sense, been carried too far.

8 Law of diminishing marginal utility was an important part of marginal utility theory. It showed the relation between quantity change of consumer's consumption or labor and its utility change.

9 Consequently ecosystem value has rigid trait which is different from the law of diminishing marginal utility.

10 The above utility function also has the property of diminishing marginal utility for each commodity.

11 And being a mathematician, he got even his own particular point wrong, introducing the form of the law of diminishing marginal utility that would return to plague economic thought in future centuries.

12 In 1738, Daniel, trying to solve aproblem in probability theory and the theory of gambling by use of thecalculus, stumbled on the concept of the law of diminishing marginal utility ofmoney.

13 This theory can help researcher mark out the right scope of the law of diminishing marginal utility and the point of external economies that is punished or not.

14 The exact shape of the curve is subject to discussion, but the point of diminishing marginal utility is that, as you get more and more money, the increment in utility for each extra dollar diminishes.

15 The farther down one goes in the income distribution, however, the closer the correlation between income and happiness; this is an implication of diminishing marginal utility of income.

16 He also thinks that there also exists the problem of diminishing marginal utility in statistical activity, and the premise...

17 This paper explores the impact of income distribution on propensity to consume and explains the characteristics of propensity to consume in China based on the law of diminishing marginal utility.

18 Traditional hedonistic utilitarians who prefer the latter outcome often try to justify egalitarian distributions of goods by appealing to a principle of diminishing marginal utility.

19 Confronted with the complicated forms of sales promotions conducted by sellers, consumers will trade with scalpers under the rules of opportunity cost, diminishing marginal utility and other theo.