Reetika posted an Question
May 14, 2022 • 17:11 pm 30 points
  • UGC NET
  • Management

Who initially gave the law of diminishing marginal utility marshall or gossen?

who initially gave the law of diminishing marginal utility Marshall or Gossen?

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  • Priya sarda Best Answer

    The so-called Law of diminishing marginal utility was first formulated by Herman Gossen (1854) who stated: “The magnitude of one and the same satisfaction, when we continue to enjoy it without interruption continually decreases until satisfaction is reached.”

  • Priya sarda best-answer

    The so-called Law of diminishing marginal utility was first formulated by Herman Gossen (1854) who stated: “The magnitude of one and the same satisfaction, when we continue to enjoy it without interruption continually decreases until satisfaction is reached.”

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