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bn:01103762n
Noun Concept
PT
No term available
EN
Gossen's Second “Law”, named for Hermann Heinrich Gossen, is the assertion that an economic agent will allocate his or her expenditures such that the ratio of the marginal utility of each good or service to its price is equal to that for every other good or service. Wikipedia
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IS A
EN
economics law
NAMED AFTER
Hermann Heinrich Gossen

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