List the assumptions of the law of diminishing marginal utility

      

List the assumptions of the law of diminishing marginal utility.

  

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Benjamin
Assumptions of the law of diminishing marginal utility
-Assumes that consumption of unit is in suitable size
-The consumer consumes the goods continuously
-No change in consumers taste and preferencea
-Units consumed must be homogenious
-The consumer should be a normal person i.e not a miser


Kalis answered the question on March 23, 2018 at 15:15


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