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Mining Engineering · Q46

Mining Management

Engineering and GATE · Mining Engineering · question 46

Q46

What is the definition of "law of diminishing marginal utility" in respect of a consumer?

A.
the utility of a commodity diminishes as consumption increases
Answer
B.
the utility of a commodity increases as consumption decreases
C.
both of the above
D.
none of the above

Answer: Option A

Solution

Answer: Option A
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