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law of diminishing relative marginal utilities [1 record]

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Record 1 1980-09-03

English

Subject field(s)
  • Laws of the Market (Economy)
  • Saving and Consumption
OBS

The indifference contour is usually drawn convex from below, in accordance with the empirical law of diminishing relative marginal utilities (or of substitution ratios).

French

Domaine(s)
  • Lois du marché (Économie)
  • Épargne et consommation

Spanish

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