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what is the shape of marginal utility curve
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Dear student
The Marginal Utility Curve is downward sloping because as per the Law of Diminishing Marginal Utility, the marginal utility obtained from a good goes on decreasing with increase in its consumption.
Regards
The Marginal Utility Curve is downward sloping because as per the Law of Diminishing Marginal Utility, the marginal utility obtained from a good goes on decreasing with increase in its consumption.
Regards
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