Real Life Example

Law of Diminishing Marginal Utility -

The law of Diminishing Marginal Utility posses that with the more and more consumption of the units of the commodity the utility derived from each successive unit goes on diminishing, provided the consumption of other commodities remain constant.

Example - Like if a Restaurant is providing Unlimited meal to customers. In starting the customers will get more and more satisfaction but as the time will pass the intake of the food will become less and the satisfaction level will automatically decreased. This is law of Diminishing Marginal Utility.