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प्रश्न
The law of equi-marginal utility is based on certain assumptions.
Give any four assumptions of the law of Equi-Marginal utility.
What are the assumptions of the Law of Equi-Marginal Utility?
Explain the assumptions of the Law of Equi-Marginal Utility.
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उत्तर
Yes, I do agree with the statement because the law of equi marginal utility is based on assumption as following are the assumption to this law.
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It is assumed that cardinal measurement of utility is possible.
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It is assumed that comparison of utility is possible.
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The behaviours of consumer is rational and his aim is to get maximum utility.
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Prices of commodities are given and remain constant.
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A consumer has limited amount of income to spend.
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Taste, habits and preferences of a consumer remain same.
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Consumer consumes two commodities at a time.
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Consumer spends his entire income on the two commodities.
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Marginal Utility of money remains constants.
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Units of commodities are of standard size.
- Commodities are divisible according to requirement.
Notes
Students should refer to the answer according to the question.
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संबंधित प्रश्न
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