Economy, asked by mannysingh5161, 9 months ago

What do you understand by law of equimarginal utility ? How does it explain consumer’s equilibrium?

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Answered by hiteshkadiri

Answer:Law of Equi-Marginal Utility explains the relation between the consumption of two or more products and what combination of consumption these products will give optimum satisfaction. Marginal Utility is the additional satisfaction gained by consuming one more unit of a common

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