2019-01-21T11:06:25+00:00 Assignments

Topic: Law of Diminishing Marginal Utility

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Topic: Law of Diminishing Marginal Utility

Instructions:

An important law in economics is the “Law of Diminishing Marginal Utility”. Discuss what this law is and provide an example of diminishing marginal utility you`ve encountered recently.

Content:

Law of Diminishing Marginal Utility Name Institution Law of Diminishing Marginal Utility In economics, the law states that when the consumption of a product by a person increases if the use of other products is kept constant then the marginal uti...


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