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Nilanjan Bhowmick AIR 3, CSIR NET (Earth Science)
- UGC NET
- Commerce
Uiicie.com commerce msp 17. assertion (a): "utility will be maximized when the marginal unit of expenditure in each direc brings the same increment of utility."
UIICIE.com Commerce MSP 17. Assertion (A): "Utility will be maximized when the marginal unit of expenditure in each direc brings the same increment of utility." Reason (R) : A consumer will try to maximize his utility. (A) (C) e marginal unit of expenditure in eachd diredio Both (A) and (R) are true. (A) is true, but (R) is false. (B) (D) Both (A) and (R) are false. (A) is false, but (R) is true.
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Ronak kumari upadhyay![best-answer]()
Dear student The answer is 'A' both true. consumer obviously try to maximize his utility and when he has choices he will spend on the good/service which gives him maximum utility, this principle is known as 'biggest bang for the buck'. second he will be maximum utilised when his extra expenditure brings the same increment in each good/service. hope it is clear to you.