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The law of diminishing marginal utility states that: a) total-(Answered)

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Question

The law of diminishing marginal utility states that:

a) total satisfaction will decrease as more units of the good are consumed.

b) the satisfaction from each additional unit of a good consumed will decrease.

c) total utility will become negative.

d) both the first and third option.

 

Paper#9209203 | Written in 27-Jul-2016

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