Question

1. A) Complete the following statements by

choosing the correct alternatives.

1) In the law of diminishing marginal utility,

Alfred Marshall assumes that marginal utility

of money……….

a) increases b) remains constant

c) decreases d) rises and then falls​

Answer 1

Answer:

d

Explanation:

law of diminishing marginal utility describe total utility of satisfaction in cardinal measurement.initial unit of commodity is total utility. marginal utility is diminishing and reaches to zero and then becomes negative.