Explain the law of diminishing marginal utility and are its limitations
Answers
Answered by
3
Limitation of diminishing marginal utility: Income, taste and habit: When income, taste and habit is changed then at that time consumer can get more satisfaction from additional unit.
Answered by
47
Answer:
Limitation of diminishing marginal utility: Income, taste and habit: When income, taste and habit is changed then at that time consumer can get more satisfaction from additional unit.
Similar questions