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The second glass of lemonade gives lesser satisfaction to a thirsty biy, this is a clear case of
- ALaw of demand
- BLaw of diminishing returns
- CLaw of diminishing marginal utility
- DLaw of supply
Correct answer: C
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CCommunity
Law of diminishing marginal utility
The second glass of lemonade gives lesser satisfaction to a thirsty boy, this is a clear case of Law of diminishing marginal utility. The law of diminishing marginal utility describes a familiar and fundamental tendency of human behavior.
The second glass of lemonade gives lesser satisfaction to a thirsty boy, this is a clear case of Law of diminishing marginal utility. The law of diminishing marginal utility describes a familiar and fundamental tendency of human behavior.