Question

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:

the law of diminishing marginal utility states that as the additional unit of commodity is consumed then marginal utility derieved from each additional unit decreases.

therefore, the marginal utility of will decrease.

c) .ans