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Full form of DMU is ______________.
  • a)
    Diminishing Marginal Utility
  • b)
    Distributive Marginal Utility
  • c)
    Direct Marginal Utility
  • d)
    Display Marginal Utility
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
Full form of DMU is ______________.a)Diminishing Marginal Utilityb)Dis...
Diminishing marginal utility states that when a consumer goes on consuming a standard unit of a commodity, the additional utility in every successive unit of consumption keeps on diminishing. It is based on the assumption that the consumer needs to consume a standard unit of the commodity.
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Full form of DMU is ______________.a)Diminishing Marginal Utilityb)Distributive Marginal Utilityc)Direct Marginal Utilityd)Display Marginal UtilityCorrect answer is option 'A'. Can you explain this answer?
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