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| 1. |
State law of diminishing marginal utility. |
| Answer» <html><body><p><br/></p>Solution :<a href="https://interviewquestions.tuteehub.com/tag/law-184" style="font-weight:bold;" target="_blank" title="Click to know more about LAW">LAW</a> of diminishing marginal utility <a href="https://interviewquestions.tuteehub.com/tag/states-1225920" style="font-weight:bold;" target="_blank" title="Click to know more about STATES">STATES</a> that as we consume more and more units of a <a href="https://interviewquestions.tuteehub.com/tag/commodity-923558" style="font-weight:bold;" target="_blank" title="Click to know more about COMMODITY">COMMODITY</a> the utility <a href="https://interviewquestions.tuteehub.com/tag/derived-437539" style="font-weight:bold;" target="_blank" title="Click to know more about DERIVED">DERIVED</a> from each successive unit goes on decreasing.</body></html> | |