Describe the Law of Diminishing Marginal Utility, its limitations and importance.
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Describe the Law of Diminishing Marginal Utility, its limitations and importance.
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Answer:
According to the law, when a consumer increases the consumption of a good, there is a decline in MU derived from each successive unit of that good, while keeping the consumption of other goods constant.
Explanation:
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Answer:
According to the law, when a consumer increases the consumption of a good, there is a decline in MU derived from each successive unit of that good, while keeping the consumption of other goods constant. ...
Explanation:
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AUR JITNE BHI BTS KE FAN HAI WO BHI PLEASE MUJHE FOLLOW KARE MAIN INKO KAR RAHI HOON