According to Marshall, The law of diminishing marginal utility / » Micro Economics 1 solved MCQs / By admin Question: According to Marshall, The law of diminishing marginal utility A. applies on money in the manner in which it applies on commodity B. do not applies on money except bank money C. does not applies on bank money but applies on cash D. applies on all commodities except money Answer» d. applies on all commodities except money Note: The above multiple-choice question is for all general and Competitive Exams in India.