The concept of the Law of Equimarginal Utility was first proposed by:
H. H. Gossen first formulated the law of equimarginal utility. It describes allocating expenditure so that marginal utility per unit of money is equal across goods.
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The concept of the Law of Equimarginal Utility was first proposed by:
Answer and explanation
Correct answer D
H. H. Gossen first formulated the law of equimarginal utility. It describes allocating expenditure so that marginal utility per unit of money is equal across goods.
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Kerala SET (LBS Centre)