According to the law of diminishing marginal utility as the amount of a good consumed increases the ...........

Indian Economy Demand and Supply , Market Structures

According to the law of diminishing marginal utility, as the amount of a good consumed increases, the marginal utility of that good tends to

improve

diminish

remain constant

first diminish and then improve

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Explanation:

According to the law of diminishing marginal utility, as the amount of a good consumed increases, the marginal utility of that good tends to dimish. When we get more and more units of a commodity, the intensity of our desire for that commodity tends to diminish.