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Wht is the assmption of law …

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Wht is the assmption of law of dimnishing marginal utility?
  • 3 answers

Akshita Yadav 7 years, 8 months ago

Their are mainly three assumptions 1)standard units of the commodity should be consumed. 2)Consumption should be continuos. 3)units should be identical or homogeneous

Yami Wadhwa 7 years, 8 months ago

1. The consumption of the commodity should be continuous . 2. The unit of the commodity should be standard

Dharti Damor 7 years, 8 months ago

1.cardinal measurement of utility 2.standard unit of measurement 3.continous consumption 4.marginal utility of Rs. remain constant 5.fixed income & price
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