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Law of Diminishing Marginal Utility

Law of Dimini...

Question

Law of Diminishing Marginal Utility states that when more and more units of a commodity are consumed, marginal utility:

A

begins to increase

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B

remains constant

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C

begins to decrease

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D

becomes zero

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Solution

The correct option is C begins to decrease
Law of Diminishing Marginal Utility states that marginal utility tends to diminish as more and more units of a commodity are continuously consumed by a consumer.

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Law of Diminishing Marginal Utility

Standard XI Economics

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