CameraIcon

SearchIcon

MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Law of Diminishing Marginal Utility

In marginal u...

Question

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

A

rising

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

B

constant

No worries! We‘ve got your back. Try BYJU‘S free classes today!

C

decreasing

No worries! We‘ve got your back. Try BYJU‘S free classes today!

D

rise and then fall

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

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.

Suggest Corrections

thumbs-up

0

Similar questions

Q. According to marginal utility theory, for a consumer to reach equilibrium in case of two goods,

\frac{M U_{a}}{M U_{b}}

is equal to _________.

Q. Marginal utility is a function of ________.

Q. Marginal utility of a commodity is:

Q. Law of Diminishing Marginal Utility states that when more and more units of a commodity are consumed, marginal utility:

Q. Law of diminishing marginal utility states that when more and more units of a commodity are consumed, marginal utility ___________.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Utility

ECONOMICS

Watch in App

explore_more_icon

Explore more

Law of Diminishing Marginal Utility

Standard XI Economics

Join BYJU'S Learning Program

CrossIcon