Engineering :: Industrial Engineering

@ : Home > Mechanical Engineering > Industrial Engineering

Of the following, which is NOT an essential assumption of the marginal utility theory of consumer demand?

[A].	Small income of the consumer	[B].	The fact that goods and services have a price
[C].	The fact that as more goods and services are purchased by the consumer, these goods and services yield decreasing amounts of marginal utility	[D].	Rationality of the consumer

Answer: Option D