Explain the concept of final degree of utility as explained by Jevons (10marks)
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Jevons has explained the final degree of utility where to the existing stock an addition is made. It is the latest increment done which is consumed. This expression is used to denote the infinitely small addition made to the existing quantity of stock and this cannot be compared with anything else.
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Answer: Jevons has explained the final degree of utility where to the existing stock an addition is made. It is the latest increment done which is consumed. This expression is used to denote the infinitely small addition made to the existing quantity of stock and this cannot be compared with anything else
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