Economy, asked by sonalimehta567, 6 months ago

MU must diminish as more and more standard units
of a commodity are continuously consumed. Explain?
please tell​

Answers

Answered by sabinamin14
1

Answer:

Marginal utility refers to additional utility which a consumer gets on consuming one extra unit of a commodity. So, as consumer consumes more and more of a commodity, the satisfaction at each level will diminish. This is in accordance with the law of diminishing marginal utility.

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