Economy, asked by hari2883, 10 months ago

The diminishing marginal utility ​

Answers

Answered by QueenOfKnowledge
3

the first unit of consumption of a good or service yields more utility than the second and subsequent units, with a continuing reduction for greater amounts.

Answered by robin96
0

In economics, the law of diminishing marginal utility states that the marginal utility of a good or service declines as its available supply increases. Economic actors devote each successive unit of the good or service towards less and less valued ends.

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