Question

why applied law of diminishing ulitily​

Answer 1

This law is an important concept in determining consumer preferences. ... The idea that the more you consume a good or use a service, the less satisfied you will be is an economic law called the Law of Diminishing Marginal Utility. This law is an important concept in determining consumer preferences

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Answer 2

This application of the law of marginal utility demonstrate why a rise in the money stock (other things being equal) reduce the exchanges value of a money unit since each successive unit of money is used to purchase a less valuable end.