Economy, asked by Anonymous, 1 month ago

Explanation of law of diminishing marginal utility table ,graph little bit
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Answers

Answered by XAngelicBeautyX
9

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.

Answered by Anonymous
1

Answer:

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Explanation:

°° ADVERTISEMENTS: 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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