http://iedubook.com/tutorial/su/10/CBSE,-ICSE/CBSE-Class-XI,-ISCE-Class-XI/CBSE-Class-XI-Economics-&-ISCE-Class-11-Economics.html<br /><br />The following are assumptions of Law of Diminishing Marginal utility <br />a) Continuos Consumption<br />b) Value of money does not change<br />c) Homogeneous Commodity<br />d) Normal condition of consumer from a mental and Social perspective
