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Law of diminishing marginal utility initially formulated by:
Question

Law of diminishing marginal utility initially formulated by:

A.

Adam Smith

B.

J.S. Mill

C.

H.H. Gossen

D.

Aristotle

Correct option is C

H.H. Gossen, a German economist, first stated the law of diminishing marginal utility.
It means additional satisfaction decreases as consumption of a good increases.

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