According to Dupuit’s theory,the velocity of flow is proportional to__________a)Sine of hydraulic gradientb)Tangent of hydraulic gradientc)None of the mentionedd)All of the mentionedCorrect answer is option 'B'. Can you explain this answer?

Question

According to Dupuit&rsquo;s theory,the velocity of flow is proportional to__________a)Sine of hydraulic gradientb)Tangent of hydraulic gradientc)None of the mentionedd)All of the mentionedCorrect answer is option 'B'. Can you explain this answer?

Answer

, a French engineer and economist, the value of a good or service is determined by the marginal utility that it provides to the consumer. In other words, the value of a good or service is based on the additional satisfaction or benefit that the consumer derives from consuming one more unit of the good or service. Dupuit argued that the price of a good or service should reflect this marginal utility, as it represents the maximum amount that a consumer is willing to pay for an additional unit of the good or service. This concept is known as consumer surplus, and it represents the difference between the price that a consumer is willing to pay and the price that they actually pay for a good or service. Dupuit's ideas have influenced the field of economics and are still relevant today in understanding consumer behavior and pricing strategies.

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