Write any two limitations of the law of Diminishing Marginal Utility. – InterviewSolution

1.

Write any two limitations of the law of Diminishing Marginal Utility.

Answer»

1. The Law of DMU is not applicable to money.

2. It does not apply to rare collections like ancient coins, stamps, etc.

3. If the consumer is irrational, the law of DMU does not apply.

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