Which of the following is Gossen’s first law:

Related MCQs

• The law of diminishing returns only applies in cases where:
• The law of diminishing marginal returns is encountered as increasing amounts of labour are hired because:
• The word micro was first used in Economics by:
• The first economist who coined the terms micro economics and macroeconomics
• Which one of the following definition of Economics is associated with the name of Lionel Robbins?
• Which of the following definitions of Economics include the economic concept of ‘scales of Preferences’?
• Which of the following embodies a more widely accepted definition of economics?
• Which of the following statements has been drawn by inductive method?
• Which of the following is incorrect?
• Which of the following statements is most closely associated with general equilibrium analysis?