Marginal utility approach to demand was given by _________.

J.R. Hicks

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

Alfred Marshall

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

Robbins

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

AC Pigou

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

Open in App

Solution

The correct option is B Alfred Marshall
MU approach to derive 'demand curve' was given by Alfred Marshall.

Suggest Corrections

Similar questions

Q. Identify which of the following statement is correct and which is incorrect.
A. The marginal utility of a good increase, if the want of the consumer is intensified by consuming a very small quantity of it such as a very little quantity of water given to a very thirsty person.

B. The law of diminishing marginal utility states that as the stock of a commodity decreases with the consumer, its marginal utility to the consumer decreases.

Q. Starting from the initial situation of consumer's equilibrium, suppose that the marginal utility of a rupee increase. Will it increase or decrease the quantity demanded of a product?

Q. Marginal utility of a commodity is:

Q. Marginal utility is a function of ________.

Q. Diminishing marginal utility is a universal phenomenon.

Join BYJU'S Learning Program

Marginal utility approach to demand was given by _________.

The correct option is B Alfred MarshallMU approach to derive 'demand curve' was given by Alfred Marshall.

The correct option is B Alfred Marshall
MU approach to derive 'demand curve' was given by Alfred Marshall.