As more and more of same good is consumed, the intensity of consumption _________.

Mu₁+ Mu₂+ Mu₃+ Mu₄ ......... Mu_n is the formula for estimating ________.

________ is not a the assumption of law of diminishing marginal utility.

Zero marginal utility implies that ___________.

Rationality assumption means that the consumer tries to maximize his __________.

_____________ first proposed the theory of diminishing marginal utility

Utility includes :-

When total utility is increasing at a decreasing rate, then marginal utility would be ___________.

Traditional approach to theory utility is known as ___________ approach.