Economy, asked by Anonymous, 1 year ago

can anyone explain law of diminishing marginal utility with graph.. in economics

Answers

Answered by Charlie143

The law of diminishing marginal utility is a law of economics stating that as a person increases consumption of a product while keeping consumption of other products constant, there is a decline in the marginal utility that person derives from consuming each additional unit of that product.

Anonymous: thank you

Previous Question

Next Question

Similar questions

Economy, 8 months ago

Anyone who - 1) Moody 2) Loves ghost 3) likes being alone 4) Doesnt have any friends 5) Has seen a gost . Has anyone seen any ghost. Please dont simply say ' yes ' . if u have seen a ghost explain that situation in detail .

Physics, 8 months ago

A steel rod 5m long and 4cm dia. is used as a column with one end fixed and the other free. Determine the crippling load by Euler’s formulae. Take E=2×106kg/cm2...

Social Sciences, 8 months ago

why do we need to study history?

Geography, 1 year ago

which country contain longest boundary with india?