What is diminishing marginal utility?

Diminishing marginal utility- each additional (marginal) piece of pizza brings less utility than the previous one. Therefore extra utility (marginal utility) brought by each successive slice diminishes as you eat more and more slices.

JR
Answered by Julia R. Economics tutor

2768 Views

See similar Economics A Level tutors

Related Economics A Level answers

All answers ▸

What is the difference between a perfectly competitive market and a monopoly market


1) Evaluate potential strategies that could be adopted by an economy that is heavily dependent on primary products to aid development (25 marks)


Define economics of scale and explain them 2 examples


Analyse the effects on the UK economy of a recession in another economy with trade ties.


We're here to help

contact us iconContact ustelephone icon+44 (0) 203 773 6020
Facebook logoInstagram logoLinkedIn logo

MyTutor is part of the IXL family of brands:

© 2025 by IXL Learning