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    Principles of Economics Study Set 12
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    Exam 5: The Demand Curve and the Behavior of Consumers
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    Exhibit 5-3 -In Utility Analysis, It Is Assumed That Marginal Utility Decreases
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Exhibit 5-3 -In Utility Analysis, It Is Assumed That Marginal Utility Decreases

Question 60

Question 60

True/False

Exhibit 5-3 Exhibit 5-3   -In utility analysis, it is assumed that marginal utility decreases as consumption of a product decreases.
-In utility analysis, it is assumed that marginal utility decreases as consumption of a product decreases.

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