Question

limitations of law of diminisation marginal utility​

Answer 1

implies that the law of diminishing marginal utility cannot be applied to misers. this is because they derive more utility from more and more of any good . utility is a feeling of satisfaction, pleasure, or happiness. the demand of a good depends on the amount of utility derived by a consumer form that good.

Answer 2

Answer:

Implies that the law of diminishing marginal utility cannot be applied to misers. This is because they derive more and more utility from more and more of any good. Utility is a feeling of satisfaction, pleasure, or happiness. The demand of a good depends on the amount of utility derived by a consumer from that good.

Explanation:

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