Question

want Satisfying power of commodity is called​

Answer 1

Answer:

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• 1) Utility refers to want satisfying power of a commodity. Explanation: Utility is the satisfaction that a consumer expects to derive from the consumption of a particular unit of a good.
• 2) Marginal utility diminishes as consumption of commodity increases.

Answer 2

Answer:

) Utility refers to want satisfying power of a commodity. Explanation: Utility is the satisfaction that a consumer expects to derive from the consumption of a particular unit of a good.

2) Marginal utility diminishes as consumption of commodity increases.