Economy, asked by amanchauhan9809, 5 months ago

EXPLAIN THE LAW OF DIMINISHING MARGINAL UTILITY ALONG WITH ASSUMPTIONS?

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Answered by rakshitawalake

Answer:

Following are the assumptions in the law of diminishing marginal utility: The quality of successive units of goods should remain the same. If the quality of the goods increase or decrease, the law of diminishing marginal utility may not be proven true. Consumption of goods should be continuous

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