Law of diminishing marginal utility will operate even if consumption takes place in intervals defect or refute.
Dear Student,
This statement is Refuted. It is an aaumption that there must be continuity in the consumption and It is assumed that the quality of the commodity remains uniform during the period of consumption.
For Example: If you like chocolates that first chocolate you eat is amazing. The second chocolate is good, that third chocolate is a little bit too sweet, that fourth chocolate makes you a bit sick, that fifth chocolate hurts your stomach… But if you eat fourth chocolate next day it will surely provide utility like first one.
So, it is necessary to consume continuously for law of diminishing MU.
Regards.
This statement is Refuted. It is an aaumption that there must be continuity in the consumption and It is assumed that the quality of the commodity remains uniform during the period of consumption.
For Example: If you like chocolates that first chocolate you eat is amazing. The second chocolate is good, that third chocolate is a little bit too sweet, that fourth chocolate makes you a bit sick, that fifth chocolate hurts your stomach… But if you eat fourth chocolate next day it will surely provide utility like first one.
So, it is necessary to consume continuously for law of diminishing MU.
Regards.