Law of Equi-Marginal Utility

Law of Equi-Marginal Utility The Law of “Equi-marginal utility” is helpful in maximizing the utility of a consumer. We know that the wants of every man are unlimited. Wants to arise again and again but man has limited means (income) to fulfil his wants and means have alternative uses. Thus, man always faces the problem […]

Law of Equi-Marginal Utility Read More »