Explain the law of deminishing marginal utility

Question

asked Apr 19, 2022 4.7k views

1 Answer

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

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

Please log in or register to add a comment.

No related questions found

Other Questions

Explain the law of deminishing marginal utility​

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

Please log in or register to add a comment.

No related questions found

Other Questions

Explain the law of deminishing marginal utility