Law of Diminishing Marginal Rate of Substitution (12)
Non-Satiety: A consumer does not possess any good in more than the
required quantity. He does not reach the level of satiety. Consumer
prefers more quantity of a good to less quantity.
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Law of Diminishing Marginal Rate of Substitution (12)
In this article we will Law of Diminishing Marginal Rate of Substitution (12)