Economy, asked by anishagarwal183, 2 months ago

Difference between law of dimnishing marginal utility and law of equi marginal utility​

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Answered by lucky143424
1

Answer:

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It considers the satisfaction derived from the number of commodities at a time. the law of diminishing marginal utility is applicable only to a single commodity whereas the law of equi-marginal utility is applicable to several commodities at a time, therefore, it has greater practical value.

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