Doubt

CA Suraj Lakhotia Admin

What is your confusion?

frenil dsouza Faculty

Hi Varshini CA Frenil here. I hope you are doing great with your studies. Option A in the given question typically means that a consumer always prefers a combination of two goods with utility remaining the same. Answer to the question is option C Constant marginal utility of money is not a assumption of the theory of demand based on analysis of indifference curves. An indifference curve is a graph that shows a combination of two goods that give a consumer equal satisfaction and utility, thereby making the consumer indifferent. I'll be happy to assist you with any doubts Happy studying :)