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what is Diminishing marginal utility
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what is Diminishing marginal utility
Well law of diminishing marginal utility states that as we consume more and more units of a commodity the utility derived from each successive unit goes on decreasing
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what is Diminishing marginal utility
The Law of Diminishing Marginal Utility states that all else equal, as consumption increases the marginal satisfaction derived from each additional unit decreases.Utility is an economic term to represent satisfaction or happiness.
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what is Diminishing marginal utility
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