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Law of Diminishing Marginal Utility

In marginal u...

Question

In marginal utility theory, marginal utility of money is ____________.

A

rising

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B

constant

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C

decreasing

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D

rise and then fall

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Solution

The correct option is A rising
According to marginal utility theory, the utility in terms of per unit of money always rises as the consumer always wants that they get the maximum utility in every worth of money they pay.

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