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Commerce · Q949

Economics

Graduate and Post Graduate · Commerce · question 949

Q949

Gossen's second law states that

A.
consumer maximises his total pleasure, when satisfaction gained from marginal units of all commodities is the same
Answer
B.
consumers gain satisfaction only when
C.
when more units are consumed, marginal utility diminishes
D.
All of the above

Answer: Option A

Solution

Answer: Option A
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