What are the reasons behind the operation of law of diminishing marginal utility ?
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Three important causes of the diminishing marginal utility are
1.) Satisfaction of a Particular Want: ...
2.) Introspection: ...
3.) Less Important Uses of Additional Quantities: ...
4.) Change of Taste and Preferences: ...
5.) Inadequate Initial Consumption: ...
6.) Emotional or Fancy Buying: ...
7.) Miser's Collections or Hobby Collections:
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