Economy, asked by jishikapatel2003, 7 months ago

Describe the Law of diminishing marginal utility with a diagram​

Answers

Answered by leelpriyamvada
6

Explanation:

According to the Law of Diminishing Marginal Utility, marginal utility of a good diminishes as an individual consumes more units of a good. In other words, as a consumer takes more units of a good, the extra utility or satisfaction that he derives from an extra unit of the good goes on falling.

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