The law of marginal utility states that customer satisfaction decreases with each unit purchased. So, the more your customers purchase, the less satisfaction they get from each additional purchase ...

MR per worker remains constant but MC has gone up, the MR = MC situation occurs at P350,000 at the 8 th worker. Meaning the restaurant must lay off two workers. ... Variants of the law of diminishing ...

Diminishing marginal returns are an effect of increasing input in the short run, while at least one production variable is kept constant, such as labor or capital.

Despite revenue expected to grow a solid 13-15 per cent (in constant currency) in FY23 as per management guidance, operating margin may dip further and has been guided at 21-23 per cent.

Marginal utility and marginal cost have nothing to do with the declining cost of gold. The reason is that few people who purchase gold do so as a commodity, most purchase it as an asset.