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
Fred Gipson Feb. 8, 1908&nbsp&nbsp&nbsp&nbsp&nbspAug. 14, 1973 His books are his monument. GIPSON, FREDERICK BENJAMIN (1908-1973). Frederick (Fred) Benjamin Gipson, author, was born on a farm near Mason, Texas, on February 7, 1908, the son of Beck and Emma Deishler Gipson.