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Commerce · Q496

Economics

Graduate and Post Graduate · Commerce · question 496

Q496

Prof. Gossen has talked about two psychological law of consumption. One of which is law of DMU. The second law is known as

A.
law of equi-marginal utility
Answer
B.
law of equi-product
C.
theory of indifference curve
D.
law of diminishing marginal utility

Answer: Option A

Solution

Answer: Option A
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