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
Born Jeffrey E. Garten on October 29, 1946, he earned his B.A. from Dartmouth College in 1969, and an M.A. (1972) and Ph.D. (1980) from the School of Advanced International Studies at the John Hopkins University. He has served in the U.S. Army from 1968 to 1972 and served as an advisor to the Royal Thai Army in 1971.e is also the Chairman of Garten Rothkopf, a global consulting firm since October 2005. Between 1995 and 2005, he was the Dean of the Yale School of Management. From 1993 to 1995, he was the United States Undersecretary of Commerce for International Trade.