English, asked by ray846634, 2 months ago

low of diminishing marginal utility explain diagram

Answers

Answered by ishanikapoor217

Answer:

It should be carefully noted that is the marginal utility and not the total utility than declines with the increase in the consumption of a good. ... The law of diminishing marginal utility means that the total utility increases but at a decreasing rate

Previous Question

Next Question

Similar questions

Math, 1 month ago

Find the area of the shaded region. explain...

Computer Science, 1 month ago

Explain the components of MS Excel sheet.

English, 1 month ago

change the voice: 'We wrote our full name and address in it'...

Science, 2 months ago

5. During an experiment, a signal from a spaceship reached the ground station in five minutes. What was the distance of the spaceship from the ground station? The signal travels at the speed of light, that is, 3 x 10⁸ ms-¹...

Social Sciences, 2 months ago