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What is the law of diminishing marginal utility and how does it shape conversations about well-being and equality among welfarists? Provide examples of diminishing marginal

What is the law of diminishing marginal utility and how does it shape conversations about well-being and equality among welfarists?  Provide examples of diminishing marginal utility and explain how welfarists conclude that equality has no intrinsic value. Are welfarists right about equality? If so, why?  If not, why not?

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The Law of Diminishing Marginal Utility DMU is the fundamental law of utility This law states that as more and more standard units of a commodity are ... blur-text-image

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