LAW OF DIMINISHING MARGINAL UTILITY

This law states that as an individual consumes more units of

commodity per unit of time, his/her total utility increases,
reaches its maximum, and starts to decrease.

It means that as more goods are consumed, the extra satisfaction or marginal utility
received decreases.
Example: Pork lechon is one of your favorite Filipino food. Your breakfast of pork lechon
gives you a magnificent meal. Your lunch of the same meal doesn't give you the same
tasty experience, meaning the extra satisfaction of your marginal utility is already
diminishing. Your dinner with pork lechon gives you less and less utility.