Question

what is law of equi marginal utility definition
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Answer 1

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 spent on each good is equal. in other words consumer is an equilibrium position when marginal utility of money expenditure on each goods is the same..

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Answer 2

Explanation:

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.