Write a note on diminishing marginal return – InterviewSolution

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1.	Write a note on diminishing marginal return
Answer» <p>The Law OfDiminishing Marginal Utilitystates that all else equal as consumption increases themarginal utilityderived from each additional unit declines.Marginal utilityis derived as the change inutilityas an additional unit is consumed.Utilityis an economic term used to represent satisfaction or happiness.</p>

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