Respuesta :
Answer:
see below!
Explanation:
The Law of Diminishing Marginal Utility states that as a person consumes more units of a specific commodity, the utility (satisfaction) derived from each additional unit decreases.
Here’s a conceptual representation of the law:
Y-axis (Marginal Utility)
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|________|_________________ X-axis (Units of consumption)
In this diagram:
The X-axis represents the number of units of a good consumed.
The Y-axis represents the marginal utility of that good.
Each bar represents the marginal utility derived from each unit of the good. As you move right along the X-axis (consume more units), the height of the bars (marginal utility) decreases, illustrating the law of diminishing marginal utility.
The assumptions of the law are:
Rationality: The consumer is rational and aims to maximize their satisfaction.
Constancy: The marginal utility of money remains constant.
Independence: The utility derived from one commodity does not affect that of another.
Divisibility: The commodities are divisible.
Non-satiety: The consumer has not reached the point of satiety.
Same Units: The units of the commodity are identical in all respects.
Continuity: Consumption is continuous.
I hope this helps! Have a good day :D
