Law of Diminishing Marginal Utility - Theory of Consumer Behaviour | Class 11 Economics
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- Опубліковано 4 жов 2024
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✅ In this video,
✔️ Class: 11
✔️ Subject: Economics
✔️ Chapter: Theory of Consumer Behaviour
✔️ Topic Name: Law of Diminishing Marginal Utility
✔️ Topics Covered in This Video: Law of Diminishing Marginal Utility
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Marginal utility of a commodity increases with increase in income of a person while on the other hand it may decrease. Is this statement true
Yes, this statement is correct. As a person's income increases, the marginal utility of a commodity increases.
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Where is scedule i.e how to bring mu and px in the same unit ?
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