Economy, asked by imranwarisha77, 5 hours ago

State the law of diminishing matginal utility ?

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Answered by as6003650

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The "Law of Diminishing Marginal Utility" states that for any good or service, the marginal utility of that good or service decreases as the quantity of the good increases, ceteris paribus. In other words, total utility increases more and more slowly as the quantity consumed increases.

Answered by marvaminuva

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