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This question is confusing please give clarity.

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Sri kanaga Varshini

Sri kanaga Varshini

CA Inter

1K+

31-Oct-20 10:36

16

Answers (4)

Best Answer

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 :)


frenil dsouza

frenil dsouza

Faculty

01-Nov-20 17:08

What is your confusion?


Suraj Lakhotia

Suraj Lakhotia

Admin

31-Oct-20 17:43

What is your confusion?

What does option a mean ?


Sri kanaga Varshini

Sri kanaga Varshini

CA Inter

1K+

01-Nov-20 14:50

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