It is one of the basic principles taught to students studying economics. Introduced by Lord Alfred Marshall, it forms a crux in the micro-economic level often reflected in routine, day-to-day life.
Fact checked by Ariel Courage Reviewed by Erika Rasure Key Takeaways Utility functions measure consumer preferences and satisfaction with goods or services.They help analyze consumer decisions to ...
https://www.thehindubusinessline.com/portfolio/stock-fundamental-analysis-india/law-of-diminishing-marginal-utility-in-indian-it-sector/article65326119.ece Copy The ...
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