As we consume more and more …
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Posted by Divyanshi Marwaha 5 years, 4 months ago
- 2 answers
Gaurav Seth 5 years, 4 months ago
Marginal utility refers to additional utility which a consumer gets on consuming one extra unit of a commodity. So, as consumer consumes more and more of a commodity, the satisfaction at each level will diminish. This is in accordance with the law of diminishing marginal utility.
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Siya Dhingra 5 years, 4 months ago
0Thank You