Q1233
Which of the following statement(s) is/are not correct?
A.
As per law of Diminishing Marginal Utility, MU tends to decline as consumption of the commodity increase
B.
As per law of diminishing returns to a factor, when MP is decreasing, TP is increasing at diminishing rate
C.
Both A and B
D.
None of the above
AnswerAnswer: Option D
Solution
Answer: Option D
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