To obtain the greates utility consumer should allocate money income so that last dollar spent on each good or service yields the same marginal utility?

Academy of PakistanTest & Learning

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Academy of PakistanTest & Learning

804Active Users

42AgricultureMedium

ALaw of diminishing marginal utility

BLaw of diminishing return

CSay’ law

Correct answer

B. Law of diminishing return

Explanation

The correct answer is Law of diminishing return.

To obtain the greates utility consumer should allocate money income so that last dollar spent on each good or service yields the same marginal utility? - Answer and Explanation | Academy of Pakistan