DEFINITION of '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.
Khalil Gibran 1883-1931 â¢ Ranked #21 in the top 500 poets Gibran Khalil Gibran was born on January 6, 1883, to the Maronite family of Gibran in Bsharri, a mountainous area in Northern Lebanon. It's been pointed out that an alternative spelling of this po Login Register Help
Jeff Bezos was born on January 12, 1964, as Jeffrey Preston Jorgensen. His biological dad, Ted Jorgensen, met and started dating his mother, Jacklyn Gise, when they were both in high school. Jorgensen was 18 and Gise was 16 when she became pregnant. They flew to Mexico with their parents' money to get married.