Question : Marshall established the law of Equimarginal Utility:
Option 1: Related to money
Option 2: Related to goods
Option 3: Both of the above
Option 4: All of the above
Answer (1)
24th Jan, 2024
Correct Answer: Related to goods
Solution :
It is related to goods only.
Alfred Marshall proposes the law of equi-marginal utility.
'If a person has a goods that can be put to several uses, he will distribute it among these uses in such a way that it has the same marginal utility in all,' says Prof. Marshall.
Hence option b is the correct answer.
Comments (0)
Related Questions
Trending Articles/News
SLAT Previous Year Question Paper PDF - Download PYQ
11 hours ago
NLU Rankings 2024: Placement-wise NLUs Ranking, NIRF Scores
26 minutes ago
MNLU Mumbai BA LLB and LLM Fee Structure 2025
2 hours ago
