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According to Marshall the basis of consumer surplus is

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Economics
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According to Marshall, the basis of consumer surplus is

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Correct Answer: Option A
According to Marshall, the basis of consumer surplus is Law of diminishing MU. As per the law, as we purchase more of a commodity, its marginal utility reduces. Since the price is fixed, for all units of the goods we purchase, we get extra utility. This extra utility is consumer surplus.
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