Economy, asked by Ujjwal3381, 1 month ago

Explain the ‘law of diminishing marginal utility’.

Answers

Answered by clever67

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 derived as the change in utility as an additional unit is consumed.

Answered by siddharthkumar444

Answer:

Explanation:

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