1147. CBSE Economics Class XII - Assumptions of Utility approach of Consumer's Equilibrium
Arinjay Jain Academy
2015-07-10
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The following are assumptions of Law of Diminishing Marginal utility
a) Continuos Consumption
b) Value of money does not change
c) Homogeneous Commodity
d) Normal condition of consumer from a mental and Social perspective
The following are assumptions of Law of Diminishing Marginal utility
a) Continuos Consumption
b) Value of money does not change
c) Homogeneous Commodity
d) Normal condition of consumer from a mental and Social perspective
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