Economy, asked by bangaraniket7400, 11 months ago

Meaning of utility marginal utility law of diminishing marginal utility definition

Answers

Answered by sachinbijarniya
4
The Law Of Diminishing Marginal Utility states that all else equal as consumption increases the marginal utility derived from each additional unit declines. Marginal utility is derived as the change in utility as an additional unit is consumed.
Answered by Anonymous
0

Hi mate...

 

The Law Of Diminishing Marginal Utility states that all else equal as consumption increases the marginal utility derived from each additional unit declines. Marginal utility is derived as the change in utility as an additional unit is consumed. Utility is an economic term used to represent satisfaction or happiness.

Hope it helps u ...

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