Educare | Utility

Shahzad Ahmad
402 - Economics
01 November, 2022
577
0

Utility, Marginal Utility, Law of Diminishing Marginal Utility explanation with table and diagram

402 - Economics | Autumn 2022 | Assignment No 1 | Question No 2| Is utility another name of usefulness? After discussing marginal utility, define law of diminishing marginal utility. Also explain this law with the help of a table having hypothetical data and the diagram drawn on the basis of this hypothecal table.

Utility

Utility, Marginal Utility, Law of Diminishing Marginal Utility explanation with table and diagram

Recent Posts

School Organization: Characteristics and Key Elements

Consumer Equilibrium, Indifference Curve, Income-consumption curve with diagram

Utility, Marginal Utility, Law of Diminishing Marginal Utility explanation with table and diagram

Definition of Economics based upon notions of ends, means and alternative uses

Definition of Economics Accroding to its Subject Matter and Division of Micro and Macro Economics

Tags