Economy, asked by rramya1809, 1 year ago

explain the law of equi- marginal utility?

Answers

Answered by MB157232

11

Answer:

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. In other words, consumer is in equilibrium position when marginal utility of money expenditure on each goods is the same.

Explanation:

Previous Question

Next Question

Similar questions

English, 6 months ago

Play. Abel (rising) feeling hungry. : (taking up the kettle) I'll make tea. : Come along, now, sit you down and let's be jolly. Mrs. Slater Abel . Abel : Why, my bureau, the one I bought - Abel : Ah, that's it. What's it doing there? Eh? Abel father? (2 x 1 = 2 Marks Now, answer the following questions. Where is the bureau now? A) The bureau is downstairs. 0) The bureau is outside the house. B)...

Social Sciences, 6 months ago

Give arguments in favour of democracy. Describe.

Math, 6 months ago

the logarithmic form of 64 = 2^6...

History, 1 year ago

who is the current chief minister of the India...

Chemistry, 1 year ago

How we calculate no of isomers of hydro carbon...

English, 1 year ago

Read the sentence below: His rather relaxed attitude about studying for the important exam resulted in a failing grade. Which word in the sentence has the most negative connotation? Rather, Relaxed, Attitude, Exam...

Social Sciences, 1 year ago

what is the full from of am and pm...

French, 1 year ago

who is pm of Indiammmmmmm...