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Ex Ante Consumption

The law of eq...

Question

The law of equi- marginal utility is based on the law of _______.

A

demand

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B

supply

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C

production

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D

diminishing marginal utility

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Solution

The correct option is D diminishing marginal utility
The law of equi marginal utility tells us that a consumer will distribute his income is such a way that the utility he gets from every dollar spent will be the same.

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Q. The Law of Diminishing Marginal Utility and The Law of Equi- Marginal Utility.

Q. Q. According to the law of diminishing marginal utility, as the amount of a good consumed increases, the marginal utility of that good tends to _______

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:

Q. State with reason whether you agree or disagree.
The law of equi-marginal utility is based on certain assumptions.

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