Question

Properties of equi marginal utility

Answer 1

Answer:

Assumptions of Law of Equi-Marginal Utility

Units of goods are homogenous.

No time gap between the consumption of the different units.

Tastes, fashion, preferences, and priorities remain unchanged.

Consumer aims at maximum satisfaction.

Consumer's income is fixed and limited.

Explanation:

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Answer 2

Assumptions of Law of Equi-Marginal Utility

• Units of goods are homogenous.
• Units of goods are homogenous.No time gap between the consumption of the different units.
• Units of goods are homogenous.No time gap between the consumption of the different units.Tastes, fashion, preferences, and priorities remain unchanged.
• Units of goods are homogenous.No time gap between the consumption of the different units.Tastes, fashion, preferences, and priorities remain unchanged.Consumer aims at maximum satisfaction.
• Units of goods are homogenous.No time gap between the consumption of the different units.Tastes, fashion, preferences, and priorities remain unchanged.Consumer aims at maximum satisfaction.Consumer's income is fixed and limited.