Law of diminishing marginal utility econometric analysis
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@@ Law of Diminishing Marginal Utility States that when more and more units of a commodity is consumed then the every marginal utility drives from every additional consumption tends to reduce and became zero and negative...
* It analysis ecometric theory of demand means the tendency that how much a consumer will prefer to buy the units of a same commodity...
### Good luck !!!
Here is your answer.....
@@ Law of Diminishing Marginal Utility States that when more and more units of a commodity is consumed then the every marginal utility drives from every additional consumption tends to reduce and became zero and negative...
* It analysis ecometric theory of demand means the tendency that how much a consumer will prefer to buy the units of a same commodity...
### Good luck !!!
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The Law Of Diminishing Marginal Utilitystates that all else equal as consumption increases the marginal utility derived from each additional unit declines. ... Marginal utility is the incremental increase in utility that results from consumption of one additional unit.
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