Question

Marshallian theory of consumer behaviour is based on?

Answer 1

Besides, the Marshallian concept ofconsumer's surplus is based on the principle of diminishing marginal utility. Consumer's Equilibrium: Principle of Equi-Marginal Utility: ... Theconsumer's behaviour will be governed by two factors first, the marginal utilities of the goods and secondly, the prices of two goods.

Answer 2

Hello buddy
Harshi this side..

Marshallian theory is based on the principle of diminishing marginal utility.

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