Explain the law of deminishing marginal utility

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asked Apr 19, 2022 4.7k views

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ILuvLogix · Answer 1 · 2022-04-24T16:49:51+0000

The Law Of Diminishing Marginal Utility states that all else equal as consumption increases the marginal utility derived from each additional unit declines. Marginal utility is derived as the change in utility as an additional unit is consumed.

Explain the law of deminishing marginal utility

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Explain the law of deminishing marginal utility