nikhileshm47

An important law in economics is the “Law of Diminishing Marginal Utility”.  Discuss what this law is and provide  an example of diminishing marginal utility you’ve encountered recently.

We are observing wasted heat in everyday life for example in Pakistan heavy generated are installed, during their supply of electricity an excessive amount of wasted heat is produced in its surrounding, similarly when we drive a vehicle a heat is available in the surrounding of engine of that vehicle, we can also see many more such examples of wastage of heat. This heat is effecting the environment of Pakistan badly.

Is it conceivable to convert this wasted heat into some useful work/energy/electricity or not. If yes how? If no why?”