What is Gossens first law?
Question:
What is Gossen’s first law?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (1 review)
Gossens First Law also known as the Law of Diminishing Marginal Utility states that as the consumpti...View the full answer
Answered By
Shebla K
I am an MBA graduate having experience as an Assistant Professor at University level for two years. I always prepare well for a class as I believe that only if you become an ocean you can give a bucket of water. Being a teacher was not only my profession but also my passion.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Principles Of Management Efficiency And Effectiveness In The Private And Public Sector
ISBN: 9783319890074
1st Edition
Authors: Peter Eichhorn, Ian Towers
Question Posted:
Students also viewed these Business questions
-
Microkernel operating systems aim to address perceived modularity and reliability issues in traditional "monolithic" operating systems. (i) Describe the typical architecture of a microkernel...
-
Prepare a stolen summary of Khan v Minister of Law and Order . Follow the FILAC structure: KHAN v MINISTER OF LAW AND ORDER 1991 (3) SA 439 (T) A 1991 (3) SA p439 Citation 1991 (3) SA 439 (T) ...
-
Represent multisets using binary trees. Compare the representations (a), (b) and (c), stating the advantages and drawbacks of each. [Answers need not contain ML code. You may refer to algorithms and...
-
It is proposed to use water instead of refrigerant-134a as the working fluid in air-conditioning applications where the minimum temperature never falls below the freezing point. Would you support...
-
If w = 4x3y + y2z + z3, find the following. (a) wxxy (b) wxyx (c) wxyz
-
A survey was conducted. Of 20 questionnaires that were sent, 12 were completed and returned. We know that 8 of the 20 questionnaires were sent to students and 12 to nonstudents. Only two of the...
-
The following information was reported in the December 31, 2007, financial statements of Southwest Airlines, Inc. (listed alphabetically, amounts in millions). Accounts Payable $1,731 Accounts...
-
Consider the prices of the following three Treasury issues as of February 24, 2012: The bond in the middle is callable in February 2013. What is the implied value of the call feature? 6.500 May 16...
-
Calculate issue price of T-bills if the nominal value is 100,000 TL, interest rate % 12 and maturity is 95 days
-
What is the difference between typical and atypical economic agents?
-
Which economic entities can carry out public tasks?
-
A variable is normally distributed with mean 6 and standard deviation 2. a. Determine and interpret the quartiles of the variable. b. Obtain and interpret the 85th percentile. c. Find the value that...
-
The process followed by many organizations when recruiting new staff is to advertise a position and then shortlist the applicants. These shortlisted candidates are invited to a more intense selection...
-
For providing illustration in a report or proposal, when is a diagram a better choice than a photograph?
-
If you are a corporate communications manager looking to leverage your skills for a position in internal communications, what would your career objective read like?
-
Search LinkedIn for three people in a profession that you might like to pursue and compare how they use the systems features to present themselves. Which person used LinkedIn most effectively? How...
-
Based on the preferences you identified in the self-assessment in the Prologue (see page 33) and the academic, professional, and personal qualities you have to offer, perform an online search for a...
-
What adjusting entries should be reversed?
-
Aztec Furnishings makes hand-crafted furniture for sale in its retail stores. The furniture maker has recently installed a new assembly process, including a new sander and polisher. With this new...
-
TyroneCo, an S corporation with a positive E & P balance, reports gross receipts for the year totaling $400,000 (of which $200,000 is PII). Expenditures directly connected to the production of the...
-
Dion, a shareholder, owned 20% of Meadow Brooks stock for 292 days and 25% for the remaining 73 days in the year. Using the per-day allocation method, compute Dions share of the following S...
-
Noelle, the owner of all of the shares of ClockCo, an S corporation, transfers her stock to Grayson on April 1. ClockCo reports a $70,000 NOL for the entire tax year, but $10,000 of the loss occurs...
-
Private Equity Firm's Capital Management Strategy : In this task, you are asked to provide and defend your recommendation for how a large private equity firm should shift its investment focus in the...
-
A customer walks in and asks for financial advice. He asks Person A what are the 3 best Tech Stocks to invest in, in terms of PE Ratio and Current Yield. He also asks Person B what are the 3 best...
-
In 2005, Toys "R" Us was taken private in a leveraged buyout by a group of private equity firms. The LBO appears to be a powerful but risky tool. Can you discuss the effects of LBO on the capital...
Study smarter with the SolutionInn App