Economy, asked by jainnaira55, 11 months ago

Explain

law of diminishing marginal utility with the help of a utility schedule.​

Answers

Answered by piyush201888
12

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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