Business Studies, asked by sannasakil, 10 months ago

Explain The Difference between the law of MARGINAL UTILITY And the law of Equi-Marginal UTILITY

Answers

Answered by parvathy23

Answer:

Explanation:The law of equi-marginal utility states that the consumer will distribute his money income between the goods in such a way that the utility derived from the last rupee spend on each good is equal.

The Law Of Diminishing Marginal Utility states that all else equal as consumption increases the marginal utility derived from each additional unit declines.

Previous Question

Next Question

Similar questions

Physics, 5 months ago

I think domestic circuit topic is deleted according to CBSE...

Hindi, 5 months ago

aastskszitxtwiaoew633aiaaayayzuzusutzZr8zufzidisiditsits8td8tsitzfans.znczbdautwu4w582i528282852i5258282didkggxx...

English, 5 months ago

Reported spuch questions Yash: Do you . need something? Ritu: Can you. show me the way the post office please? Yash: Please come alone with me Like : Thankyou you are well well find...

English, 10 months ago

I helped dash with their project , but they had no courtesy to thank dash. fill in the blanks with the suitable or object pronouns.

English, 10 months ago