Question

Consumption of every additional unit of commodity brings utility - answer ​

Answer 1

Answer:

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The law of diminishing marginal utility states that: “As a consumer consumes more and more units of a commodity at succession, the marginal utility derived from the consumption of each additional unit of the commodity falls.”

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Answer 2

Answer:

When a consumer consumes more and more units of a commodity , the marginal utility derived from the consumption is of the commodity tends to fall . Further , the utility may become zero and even negative . This is known as the law of Diminishing utility

Explanation:

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