What is the shape of MU curve
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The law of diminishing marginal utility (productivity) is familiar to most begin- ning students of economics. One perplexing question in the mind of inquisitive students of microanalysis concerns the shape of the (downward-sloping) marginal utility (productivity) curve'.
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MU: Marginal Utility : It refers to additional utility which a consumer gets on consuming one extra unit of commodity. So, as consumer consume more and more of commodity, the satisfaction at each level will diminish, which is represented by a downward sloping curve.
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