Environmental Sciences, asked by praise79, 6 months ago

define law of diminishing marginal utility

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Answered by NONEXISTENT

2

Answer:

LAW'S OF DIMINISHING MARGINAL UTILITY :-

The Law Of Diminishing Marginal Utility states that all else equal as consumption increases the marginal utility derived from each additional unit declines. ... Marginal utility is the incremental increase in utility that results from consumption of one additional unit.

EXAMPLE

whether that item is a can of soda, a pair of jeans, or an airline ticket.

⛔ NONEXISTENT ⛔

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