Answer to Question #328361 in Microeconomics for Let

Question #328361

What is Diminishing Marginal utility (DMU)? Explain and illustrate this concept graphically using the curves of total and Marginal utility.

1
Expert's answer
2022-04-14T13:16:35-0400

Diminishing Marginal utility means that the more same product person receive, more he/she the less margin utitlity person has

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