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What is the law of Diminished …

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What is the law of Diminished marginal utility? Please help can help meeh?

    • Posted by Harash Mahato 7 years, 5 months ago

    CBSE > Class 12 > Economics
    • 3 answers

    Umul Fathima 7 years, 5 months ago

    As consumer consumes more and more units of commodity the marginal utility derived from each successive units go on declining. This is the basis of law of demand..

    0Thank You

    Shivani Chaudhary 7 years, 5 months ago

    According to law of marginal utility as we consume more and more units of a commodity each succesive unit will give less and less satisfaction.....as intensity to desire of that commodity decrease

    0Thank You

    Harash Mahato 7 years, 5 months ago

    Pleeeease answer

    0Thank You

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