Question

what is law of diminishing marginal utility? (please explain in easy language)​

Answer 1

HEY MATE HERE IS YOUR ANSWER

It states that the marginal utility of goods or service decline as it available supply increases.

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Answer 2

Other things remaining same the marginal utility of a commodity diminishes with every increase in the stock of that commodity he already has.

This is the easiest definition of diminishing marginal utility