Limitations of the Law of Equi-Marginal Utility

The law has been subject to certain criticisms or limitations. They are as follows: 

• The law is based on unrealistic assumption, being, an extension of the law of diminishing marginal utility, it involves all the unrealistic assumptions and conditions such as homogeneity, continuity, constancy etc. 

• The proportionality rule presumes cardinal measurement of utility, but, it is not an unrealistic phenomenon. 

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