On what grounds is the law of diminishing marginal utility being criticized by the modern economists?

The law of diminishing marginal utility is a foundational concept in economics that states that as a person consumes more units of a particular good or service, the additional satisfaction or utility gained from each successive unit decreases. While this law has been widely accepted and applied in economic theory for many years, modern economists have raised several criticisms and limitations associated with the concept. These criticisms reflect the evolving understanding of consumer behavior and the complexities of real-world decision-making. Here are some grounds on which the law of diminishing marginal utility is criticized by modern economists:

1. Psychological Realism: Critics argue that the assumption of diminishing marginal utility may not accurately reflect the psychological reality of consumer behavior. People's preferences and reactions to consumption are influenced by a variety ______ _____ _______ __________ ______.
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