The law of equi-marginal utility is introduced by _______.

Alfred Marshall

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Adam Smith

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K.E. Boulding

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none of the above

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Solution

The correct option is A Alfred Marshall
The law of equi-marginal utility is introduced by Alfred Marshall.
In words of Prof.Marshall, ' If a person has a thing which can be put to several uses, he will distribute it among these uses in a way that it has the same marginal utility in all'.

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