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Management · Q357

Managerial Economics

Graduate and Post Graduate · Management · question 357

Q357

Which of the following is called as the Gossen's First Law?

A.
The Law of equi-marginal utility
B.
Law of Substitution
C.
The Law of diminishing marginal utility
Answer
D.
The Law of indifference

Answer: Option C

Solution

Answer: Option C
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