Why does law of diminishing marginal utility not apply when consumption is at
intervals?
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Answered by
16
Answer:
Assumptions of law of diminishing marginal utility are:
1)Given commodities should be homogeneous in nature, that is, identical commodities.
2)Reasonable sized units are to be consumed.
3)Consumption should be done continuously. No time interval will be entertained between the consumption of the goods.
Answered by
5
Answer:
Assumptions of law of diminishing marginal utility are:
1)Given commodities should be homogeneous in nature, that is, identical commodities.
2)Reasonable sized units are to be consumed.
3)Consumption should be done continuously. No time interval will be entertained between the consumption of the goods.
i hope it helps you ☺️
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