Economy, asked by dk1395, 19 days ago

Which is the First Law of Gossen? a Law of Demand b. Consumer's Surplus c Law of Equi-marginal Utility d. Law of Diminishing Marginal Utility

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Answered by Keisha5326

Asnwer is d. Law of Diminishing Marginal Utility

Hope that helped!

Answered by ann0a7

Answer:

Answer is D

Explanation:

Gossen's First Law is the "law" of diminishing marginal utility: that marginal utilities are diminishing across the ranges relevant to decision-making.

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Which is the First Law of Gossen? a Law of Demand b. Consumer's Surplus c Law of Equi-marginal Utility d. Law of Diminishing Marginal Utility​

Answers

Which is the First Law of Gossen? a Law of Demand b. Consumer's Surplus c Law of Equi-marginal Utility d. Law of Diminishing Marginal Utility