Mary Jane Sudekum, Pharm.D., and Lee C. Vermeulen, M.S. Key Words: therapeutic interchange, guidelines, drug policies, drug. procedures, pharmacy and therapeutics committee, patient care, cost-effective. therapy, American College of Clinical Pharmacy, ACCP, position statement.
The law of diminishing marginal utility is similar to the law of diminishing returns which states that as the amount of one factor of production increases as all other factors of production are held the same, the marginal return (extra output gained by adding an extra unit) decreases.
This exercise includes two related graphs. The upper graph illustrates the total utility associated with each quantity consumed and the lower graph illustrates the corresponding marginal utility.To use the graph, move the slider left or right to change the quantity of the good consumed.raphing Exercise: Total and Marginal Utility. Total utility is the amount of satisfaction one derives from consuming some particular amount of a good.