critically examine the marshallian concept of consumer surplus?

Subject:
Economy
Author:
yaelko2s
Created:
1 year ago

Answers 1

A very serious objection against the Marshallian measure of consumer's surplus with the help of demand curve (or marginal utility curve) is that it is based on the twin assumptions that utility is measurable and that the marginal utility of money remains constant as a person spends more of it on a particular good.

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sarahwhite
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