explain the law of diminishing marginal utility with the help of a schedule
Answers
Answer:
The Law of Diminishing Marginal Utility states that as more and more units of a commodity are consumed (continuously), marginal utility derived from every additional unit must decline. This law can be explained with the help of the following Schedule : Units Consumed. Total Utility (TU) Marginal Utility(MU)
Answer:
explain the law oexplain the law of diminishing marginal utility with the help of a schedulef diminishing marginal utility wiexplain the law of diminishing marginal utility with the help of a scheduleth the help of a scheduleexplain the law of diminishing marginal utility with the help of a scheduleexplain the law of diminishing marginal utility with the help of a schedule
explain the law of diminishing marexplain the law of diminishing marginal utility with the help of a scheduleginal utility with the help of a scheduleexplain the law of diminishing marginal utility with the help of a scheduleexplain the law of diminishing marginal utility with the help of a scheduleexplain the law of diminishing marginal utility with the help of a schedule
Explanation:
explain the law of diminishing marginal utility with the help of a scheduleexplain the law of diminishing marginal utility with the help of a schedule
explain the law of diminishing marginal utility with the help of a scheexplain the law of diminishing marginal utility with the help of a scheduledule