Dimnishing Marginal Utility :-
The law of dimnishing marginal utility state that the one unit of satisfaction derive from each consumption of good i.e utility its decreases or dimnishes while continue consumption of one fix commodity or consumption of good or services while other things remaining constant...
EXAMPLE :-
Why people often visit the restaurant with family or friends????? Here we found the dimnishing marginal utility of home made food... While monday to saturday by daily consumption of chapati or home made food its decreases its utility. So we go restaurant to change oursl tastes.
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