The law of diminishing marginal utility indicates that if a consumer increases his consumption of a commodity continously
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Correct Answer: Option B
Explanation:
The law of diminishing marginal utility states that as a consumer consumes an item or a product,
the satisfaction or utility that they derive from the product reduces as they consume more and more of that product.
The law of diminishing marginal utility states that as a consumer consumes an item or a product,
the satisfaction or utility that they derive from the product reduces as they consume more and more of that product.