Questions

Loktak Lake:the largest freshwater  (sweet)  lake  in  North -East  India,  also  called  the  only Floating  lake  in  the  world  due to the floating phumdis (heterogeneous mass of vegetation,    soil,    and    organic matters    at    various    stages    of decomposition)   on   it,   is   located near   Moirang   in   Manipur   state, India.  The  etymology  of  Loktak  is Lok  =  "stream"  and  tak  =  "the end"

Economists use the concept of marginal utility to measure happiness and pleasure and how that affects consumer decision making. They have also identified the law of diminishing marginal utility, which means that the first unit of consumption of a good or service has more utility than the next units of consumption.Hence, the marginal utility of the good diminishes as the amount of good consumed increases.