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What is DMU ❓plz explain in easy language.mujhe yee smj nhi aa rha..?

Answer» Concept\xa0of Law of Diminishing Marginal UtilityLaw of Diminishing Marginal Utility (DMU) states that as we consume more and more units of a commodity, the utility derived from each successive unit goes on decreasing. People spend their income on various goods because consuming more and more of any one good reduces the marginal satisfaction obtained from further consumption of the same good. Law of DMU has universal applicability and applies to all goods and services.Assumptions\tAll the units of a commodity are same in terms of size, quality, design etc\tUnit of a good must be standard\tNo change in taste\tNo change in the price of substitute goods\tContinuity in consumption.\xa0 <th colspan="1" data-order="<div class="DataTables_sort_wrapper"><span class="DataTables_sort_icon"></span></div>" data-original-value="<div class="DataTables_sort_wrapper"><span class="DataTables_sort_icon"></span></div>" rowspan="1">\xa0</th> <th colspan="1" data-order="<div class="DataTables_sort_wrapper"><span class="DataTables_sort_icon"></span></div>" data-original-value="<div class="DataTables_sort_wrapper"><span class="DataTables_sort_icon"></span></div>" rowspan="1">\xa0</th> <th colspan="1" data-order="<div class="DataTables_sort_wrapper"><span class="DataTables_sort_icon"></span></div>" data-original-value="<div class="DataTables_sort_wrapper"><span class="DataTables_sort_icon"></span></div>" rowspan="1">\xa0</th> \t\t\tUnit of OrangeTotal UtilityMarginal Utility11010 (10-0)2188 (18-10)3246 (24-18)4284 (28- 24)5302 (30-28)6300 (30-30)728-2(28-30)\t


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