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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


Team Careers360 9th Jan, 2024
Answer (1)
Team Careers360 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.

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