An important law in economics is the “Law of Diminishing Marginal Utility”. Discuss what this law is and provide an example of diminishing marginal utility you’ve encountered recently. Please, stay away from food and drink examples as much as possible. 300+ words

An important law in economics is the “Law of Diminishing Marginal Utility”. Discuss what this law is and provide an example of diminishing marginal utility you’ve encountered recently. Please, stay away from food and drink examples as much as possible. 300+ words