Question

is law of diminishing utility apply in airlines industry why/why not​

Answer 1

Answer:

The law of diminishing marginal utility explains that as a person consumes an item or a product, the satisfaction or utility that they derive from the product wanes as they consume more and more of that product. ... Economic actors receive less and less satisfaction from consuming incremental amounts of a good.

Answer 2

Answer:

The law of diminishing marginal utility explains that as a person consumes an item or a product, the satisfaction or utility that they derive from the product wanes as they consume more and more of that product. ... Economic actors receive less and less satisfaction from consuming incremental amounts of a good.