Diminishing marginal utility means that the first unit of consumption of a good or service yields more utility ( satisfaction) than the second and subsequent unit, with a continuous reduction for greater amount.
Example...
This is something that happened to me during yesterday's dinner, gulab jamun was being served in our mess but they only serve only one gulab jamun per and I looove gulab jamuns so I asked some of my friends who don't like sweets to give me there's but that was a wrong decision I got six gulab jamuns in total but after the 3rd one I couldn't eat more because rather than being satisfied eating it became more of a chore.
This is an example of diminishing marginal utility the satisfaction I got after eating the first gulab jamun kept on decreasing while eating the subsequent gulab jamuns.
Credits- Wikipedia
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