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Vlada [557]
3 years ago
6

According to law of Diminishing Marginal Utility, which of the following is true?

Business
2 answers:
olya-2409 [2.1K]3 years ago
7 0

Answer:

Correct option is

B

as the consumption of a given product rises, the added benefit eventually diminishes

Law of diminishing marginal utility is based on psychological law that as more and more units of a commodity is consumed, marginal utility derived from every successive unit will decline in respect to all goods with a few exception.

Explanation:

Hope's it helps you

bearhunter [10]3 years ago
4 0

Answer:

The additional satisfaction received from consuming extra units of a good

decreases as consumption of the good increases

Explanation:

  • Marginal utility is important.
  • It is based on a psychological law .
  • It states that as more as more as consumed goods decreases and marginal utility increases.
  • On vice versa .As consumed goods increases then marginal utility decreases.
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Kindly check explanation

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