Meaning It is the second important law of the utility analysis. This la was first propounded by Gossen. It is known as âGossenâs Second Lawâ This law points out how a…

Meaning It is the second important law of the utility analysis. This la was first propounded by Gossen. It is known as âGossenâs Second Lawâ This law points out how a…

Dr.G.R.Damodaran College of Science (Autonomous, affiliated to the Bharathiar University, recognized by the UGC)Re- accredited at the 'A' Grade Level by the NAAC…

Consumption Meaning and importance, the utility concept, marginal and total utility, the law of diminishing utility and the law of equi-marginal utility Consumption The act…

Dr.G.R.Damodaran College of Science (Autonomous, affiliated to the Bharathiar University, recognized by the UGC)Re- accredited at the 'A' Grade Level by the NAAC…

The Indifference Curve Analysis is an alternative explanation of the consumerâs behaviour. It is an alternative in two respects : Different assumptions and different tools…