Economy, asked by souhardikachand6997, 11 months ago

Explain The Law Of Equimarginal Utility

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Answered by garima456

2

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.

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