Math, asked by aayushpardhi77, 5 days ago

explain the diminishing law of microeconomics

Answers

Answered by mgkbebo

Step-by-step explanation:

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 the consumption of one additional unit.

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