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What is the law of diminishing marginal utility?

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    1. In simple terms, the law of diminishing marginal utility suggests that as you consume more of a good or service, the additional satisfaction or pleasure you get from each extra unit tends to decrease. It's like enjoying your favorite dessert – the first bite is delightful, but with each additional b‫اقرأ المزيد

      In simple terms, the law of diminishing marginal utility suggests that as you consume more of a good or service, the additional satisfaction or pleasure you get from each extra unit tends to decrease. It’s like enjoying your favorite dessert – the first bite is delightful, but with each additional bite, the enjoyment lessens a bit. This concept helps explain how our preferences and satisfaction change as we experience more of something.

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