Question

state the law of diminishing marginal utility

Answer 1

here are the laws of diminishing marginal utility read them carefully and if you like it mark as brainliest ... In economics, diminishing returns is the decrease in the marginal output of a production process as the amount of a single factor of production is incrementally increased, while the amounts of all other factors of production stay constant. 

Answer 2

Explanation:

Law of Diminishing Marginal Utility:-

The law of diminishing marginal utility is an important concept to understand. ,

We will first start with the basic definition of ‘Utility’.

Utility:

Utility is the capacity of a commodity through which human wants are satisfied.

Law of Diminishing Marginal Utility:

The law of diminishing marginal utility is comprehensively explained by Alfred Marshall.

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