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What is meant by Diminishing Marginal Utility? - Economics

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What is meant by Diminishing Marginal Utility?

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उत्तर

According to Marshall, “The additional benefit which a person derives from a given stock of a thing diminishes, with every increase in the stock that he has already”.

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पाठ 4: Theory of Consumer's Behaviour : Cardinal Utility Analysis - TEST QUESTIONS [पृष्ठ ४.१८]

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आर. के. लेखी आणि पी. के. धर Economics [English] Class 12 ISC
पाठ 4 Theory of Consumer's Behaviour : Cardinal Utility Analysis
TEST QUESTIONS | Q A. 7. | पृष्ठ ४.१८
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