Economy, asked by antaripa2203, 6 months ago

Define the law of diminishing marginal utility.​

Answers

Answered by Dhriti272
3

Answer: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.

Answered by sanjanabothra8
3

Answer:

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

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