Question

32. Law of diminishing marginal utility will operate even if consumption takes place in
intervals. Defend or refute​

Answer 1

Answer:

Law of diminishing marginal utility will operate even if consumption takes place in intervals defect or refute. ... It is an aaumption that there must be continuity in the consumption and It is assumed that the quality of the commodity remains uniform during the period of consumption.

Answer 2

Explanation:

The given statement is refuted. Law of diminishing marginal utility will operate only when consumption is a continuous process. For example, if one burger is consumed in the morning and another in the afternoon, then the second burger may provide equal or higher satisfaction as compared to the first one.