The law of diminishing marginal utility indicates that if a consumer increases his consumption of a commodity continously

Assessment: JAMB UTME - Economics - 2020 Subject: Economics

Question 1 Report

The law of diminishing marginal utility indicates that if a consumer increases his consumption of a commodity continously
Answer Details
The law of diminishing marginal utility states that as a consumer consumes an item or a product, the satisfaction or utility that they derive from the product reduces as they consume more and more of that product.

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