Economy, asked by evanasco, 3 months ago

What do you mean by MU falls as consumption increases?

need urgent answer please help

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Answered by reenakesharwani157

1

Answer:

The Law Of Diminishing Marginal Utility states that all else equal as consumption increases the marginal utility derived from each additional unit declines. Marginal utility is derived as the change in utility as an additional unit is consumed. Utility is an economic term used to represent satisfaction or happiness.

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