Question

An apparent exception to the law of diminishing marginal utility- a) Concentration of power b) Change other person’s stock c) Intoxicating drinks d) All of these​

Answer 1

Answer:

The exceptions to the law of DMU, where this law doesn't apply: This law is valid only for uniform units of a commodity, which are same in shape, size, length, etc. The law applies only in cases when the consumer doesn't change his taste and fashion of the commodity remains same, which hardly is the case.

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