send mail to support@abhimanu.com mentioning your email id and mobileno registered with us! if details not recieved
Resend Opt after 60 Sec.
By Loging in you agree to Terms of Services and Privacy Policy
Claim your free MCQ
Please specify
Sorry for the inconvenience but we’re performing some maintenance at the moment. Website can be slow during this phase..
Please verify your mobile number
Login not allowed, Please logout from existing browser
Please update your name
Subscribe to Notifications
Stay updated with the latest Current affairs and other important updates regarding video Lectures, Test Schedules, live sessions etc..
Your Free user account at abhipedia has been created.
Remember, success is a journey, not a destination. Stay motivated and keep moving forward!
Refer & Earn
Enquire Now
My Abhipedia Earning
Kindly Login to view your earning
Support
Type your modal answer and submitt for approval
The law of equi marginal utility considers price of money as:
zero
less than one
more than one
one
- Option 1: Zero
- This suggests that money has no utility, which is incorrect as money is a medium of exchange and value.
- Option 2: Less than one
- This implies low utility but does not truly reflect money's ability to command goods and services.
- Option 3: More than one
- This could imply high utility, but it does not align with a balanced utility per unit cost approach.
- Option 4: One
- The law of equi-marginal utility often considers the price of money as one, indicating the baseline or standard unit of utility measurement against which other utilities are compared.
- Correct Answer: Option 4 is correct as it represents money as a stable unit of account for measuring utility.
By: Abhipedia ProfileResourcesReport error
Access to prime resources
New Courses