Economics · Microeconomics
Under the law of diminishing marginal utility, as the continuous consumption of a commodity increases, what happens to its marginal utility?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Marginal utility increases
- 2Marginal utility decreases✓
- 3Marginal utility remains constant
- 4Marginal utility first decreases then increases
Correct answer
Marginal utility decreases
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