Assumptions of diminishing marginal utility are:
A. the process of consumption is constant
B. the marginal utility of wealth is assumed to be constant
C. utility is measurable and money is use for this
D. All of above
Answer:D
Assumptions of diminishing marginal utility are:
A. the process of consumption is constant B. the marginal utility of wealth is assumed to be constant C. utility is measurable and money is use for this D. All of above