The assumptions of the law of diminishing marginal utility do not include
The unit price of a commodity is not one of the listed assumptions about the units consumed. Diminishing marginal utility is analysed using identical, standard-sized units…
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The assumptions of the law of diminishing marginal utility do not include
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Correct answer D
The unit price of a commodity is not one of the listed assumptions about the units consumed. Diminishing marginal utility is analysed using identical, standard-sized units consumed successively.
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Tamil Nadu SET (TNSET)