Law of diminishing marginal utility states
A. | Utility always diminishes whether something is consumed or not |
B. | Total utility diminishes with the consumption of every additional unit |
C. | Utility first increases and after that diminishes at every point |
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. |
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. |