the law diminishing marginal ulitity describes the genral pattern that continous consuption of commodity leads to...

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the law diminishing marginal ulitity describes the genral pattern that continous consuption of commodity leads to...

the law diminishing marginal ulitity describes the genral pattern that continous consuption of commodity leads to an eventual decline in ..... from the consuption of that

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Answer 1

Answer #1

As per the Law of Diminshing Marginal Utility :-

When all other thungs stays constant, as the consumption of commodity increases the marginal utility from the additional unit decreases.

Hence,

The law of diminishing marginal utility describes the general pattern that continuous consumption of commodity leads to an eventual decline in Marginal Utility from the consumption of that commodity.

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Answer 2

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Recall the text’s definition of diminishing marginal utility: “the common pattern that each marginal unit of...

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the law diminishing marginal ulitity describes the genral pattern that continous consuption of commodity leads to...

Homework Answers

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