Economy, asked by oknishantsharma3615, 1 year ago

Q14- What is law of diminishing marginal utility?

Answers

Answered by blackagentcrew

0

As we consume more and more units of commodity the additional utility derived from each successive units tends to diminish.

Previous Question

Next Question

Similar questions

Math, 8 months ago

27.26 divided by 2.35...

Social Sciences, 8 months ago

II.Fill in the blanks 1.The first mill in ______ was started in 1861 2. _____ is the staple diet of tropical and subtropical regions ...

Science, 8 months ago

who do we need to separate different components of a mixture? give two examples...

Economy, 1 year ago

Q15- Define Indifference curve- Explain why an Indifference curve is downward sloping.

Math, 1 year ago

What are the solutions to the equation (x – 2)(x + 5) = 0?

Math, 1 year ago

a man made a trip of 480 km in 9 hours some part of trip was covered at 45 km per hour and the remaining at 60 kilometre per hour find the path of trip covered by 60 kilometre per hour...

Social Sciences, 1 year ago

what is the important of biotic resources to human beings...

CBSE BOARD X, 1 year ago

how can the formal sector lone be made beneficial for poor farmers and workers? suggest any five measures...