Question

Write short note on Equi - Marginal Utility

Answer 1

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Answer 2

Explanation:

Equi-marginal utility says that the customer shall distribute his cash revenue between the products in such a manner that the usefulness obtained from the last rupee spent on each good is equivalent. In other words, when the marginal usefulness of money expenditure on each good is the same, the consumer is in a position of balance.

The Equi Marginal Utility Law is also called the Law of Indifference because the customer becomes indifferent about any other mixture of the purchased commodities when he reaches the point of maximum fulfillment.