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This Concept Map, created with IHMC CmapTools, has information related to: Law of Diminishing Marginal Utility, Implies (these) Substituting a more satisfactory state of affairs for a less satisfactory one, Law of Diminishing Marginal Utility can Be logically deduced, Praxeology which Is an a priori science, The axiom of human action which Is of a special nature, An Axiom is A (set of) proposition(s) presumed to be true on the basis of logical necessity, Law of Diminishing Marginal Utility [it] Plays a crucial role, That the marginal utility of a larger-sized unit is greater than the marginal utility of a smaller-sized unit (and vice versa) which follows directly/can be deduced, Implies (these) That human action is purposeful, aiming at certain ends, Economics is The formal logic, The formal logic of The axiom of human action, Law of Diminishing Marginal Utility was Developed by Carl Menger, Related to Marginal Utility, Marginal Utility which is the utility of increments of goods; it means the utility of enjoying an additional good, Is of a special nature because It represents a synthetic a priori proposition, The marginal utility of each (homogenous) unit decreases as the supply of units increases (and vice versa) utility is A subjective concept, knowledge that Is derived from reflection rather than observation, That the marginal utility of a larger-sized unit is greater than the marginal utility of a smaller-sized unit (and vice versa) utility is A subjective concept, resting on the The axiom of human action, Implies (these) Implies that individual actors must rank their alternative ends, Law of Diminishing Marginal Utility is Axiomatic in nature