Which of the following is known as “Gossen’s First Law”?

(a) Law of Equi-marginal Utility
(b) Law of Variable Proportions
(c) Law of Diminishing Marginal Utility
(d) Law of Supply

Anurag Mishra Professor Asked on 28th May 2016 in Economics.
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Answer: (c) Law of Diminishing Marginal Utility

Anurag Mishra Professor Answered on 30th May 2016.
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