Law of diminishing marginal utility states
| A. |
Utility always diminishes whether something is consumed or not
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| B. |
Total utility diminishes with the consumption of every additional unit
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| C. |
Utility first increases and after that diminishes at every point
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| D. |
The additional benefit which a person derives from a given increase of his stock of a thing diminishes with every increase in stock that he already has.
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Answer : D Explanation : |
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Option: A Explanation : Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here. |
