The law of diminishing marginal utility was popularized by:

Related MCQs

• When total utility is maximum, marginal utility is:
• The law of Diminishing returns is applicable to:
• In the case of diminishing returns to scale, a given proportionate increase in all factors causes
• The cause for diminishing returns to scale is:
• The solution to diminishing returns to scale is :
• Net addition to total utility when one more unit is consumed is:
• Those things that possess both utility and scarcity are called:
• Marginal product of a factor is
• Let a firm employs 5 labourers and produces 120 units of output. When 6 labourers are employed the firm produces 136 units of output. Then the marginal product is ---
• Marginal efficiency of investment curve is: