Download App

Theory of consumer behaviour — Economics STD 12 Humanities & Commerce — Question

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsTheory of consumer behaviour1 Mark
Question
State the law of diminishing marginal utility.
✓

Answer

Law of diminishing marginal utility states that as a consumer consumes more and more units of a commodity, marginal utility derived from successive units goes on falling.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "Answer The Following Questions In One Sentence.[1 Marks Each]" from Theory of consumer behaviour→Theory of consumer behaviour — all question types→Economics STD 12 Humanities & Commerce question papers→Rajasthan Board STD 12 Humanities & Commerce question papers→Rajasthan Board question paper generator→

Similar questions

How is MC derived from TVC?
→
Define a tax.
→
What is 'aggregate supply' in macroeconomics?
→
Categorize the following items into Revenue and Capital Receipts.
Statement-Borrowings from public.
→
Define monopoly.
→
What aggregate do we get when we add up the gross value added of all the producing sectors of an economy?
→
Define pegging operations.
→
What determines the quantity of a good that the buyers demand for?
→
Give the meaning of economy.### Define the economy.
→
What is an alternative name of value added method?
→