law of DMU with ASSUMPTION....
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Heya.....
Law of Diminishing Marginal Utility ....
It states that when more and more units of s commodity is consumed then the marginal Utility derived from every additional consumption tends to decline and be zero or negative too....
Assumptions.....
* Only standard unit of a commodity is to be consumed ....
* Consumption should be continuous...
Law of Diminishing Marginal Utility ....
It states that when more and more units of s commodity is consumed then the marginal Utility derived from every additional consumption tends to decline and be zero or negative too....
Assumptions.....
* Only standard unit of a commodity is to be consumed ....
* Consumption should be continuous...
Answered by
16
It states that when more and more units of commodity is consumed then the marginal utitly derived from any additional consumption tends to decline and be zero and even be negative.
Consumption should be continous
Only strandard unit of a commodity is to be consumed.
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