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  • The Law of Diminishing Marginal Utility Was Originally Explained by Hermann Heinrich Goshen But It Popularised by Alfred Marshall

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    The law of diminishing marginal utility states that as consumption of a good increases, the additional utility from each incremental unit consumed decreases. Hermann Heinrich Goshen originally explained this concept but it was Alfred Marshall who popularized the idea of diminishing marginal utility.

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    The law of diminishing marginal utility states that as consumption of a good increases, the additional utility from each incremental unit consumed decreases. Hermann Heinrich Goshen originally explained this concept but it was Alfred Marshall who popularized the idea of diminishing marginal utility.

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    11 views1 page

    The Law of Diminishing Marginal Utility Was Originally Explained by Hermann Heinrich Goshen But It Popularised by Alfred Marshall

    Uploaded by

    S CLINTAN
    The law of diminishing marginal utility states that as consumption of a good increases, the additional utility from each incremental unit consumed decreases. Hermann Heinrich Goshen originally explained this concept but it was Alfred Marshall who popularized the idea of diminishing marginal utility.

    Copyright:

    © All Rights Reserved
    Download as TXT, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as txt, pdf, or txt
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    the law of diminishing marginal utility was originally explained by Hermann

    Heinrich Goshen but it popularised by Alfred Marshall

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