Worked Example
Exam recap 10
For Class 12 Economics, explain or solve a law of diminishing marginal utility question from the chapter "Theory of Consumer Behaviour". Focus on exam recap and show the working clearly.
Step-by-step solution path
- Read the topic idea: Law of diminishing marginal utility.
- Recall the core explanation from the chapter: Economics syllabus chapter for Class 12.
- Use the related formula "MRSxy = Px/Py (Ordinal)" as the main tool while solving.
- Write the reasoning in simple school-level language before the final answer.
Final learning answer
This example is centred on Law of diminishing marginal utility. A strong solution should identify the correct data, apply MRSxy = Px/Py (Ordinal), and explain each transition instead of jumping directly to the answer.
Related formula
MRSxy = Px/Py (Ordinal)
MRSxy = Px/Py (Ordinal)