Explain with the help of diagram law of diminishing marginal utility � – InterviewSolution

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1.	Explain with the help of diagram law of diminishing marginal utility
Answer» ONG>Answer: It should be carefully noted that is the MARGINAL utility and not the total utility than declines with the increase in the consumption of a good. ... The LAW of diminishing marginal utility MEANS that the total utility increases but at a decreasing rate.

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