Question

According to law of diminishing marginal utility there is a negative relation between the consumption of units of a commodity and MU. true or false

Answer 1

Explanation:

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Answer 2

Answer:

As more and more units of the commodity are consumed, the marginal utility derived from the consumption of each additional unit of the commodity tends to fall. With the consumption of the successive units, the marginal utility becomes zero and, consequently, becomes negative.