What low dimination of marginal utility
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Law of diminishing marginal utility States that when more and more units of a commodity is consumed then the marginal satisfaction driven out of the every additional unit tends to decrease and at a point it goes negative or zero too...
Assumptions...
* Standard unit of a commodity is too be consumed....
* Consumption should be continuously....
Law of diminishing marginal utility States that when more and more units of a commodity is consumed then the marginal satisfaction driven out of the every additional unit tends to decrease and at a point it goes negative or zero too...
Assumptions...
* Standard unit of a commodity is too be consumed....
* Consumption should be continuously....
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