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The "Law" of Diminishing Marginal Utility Implies That the

Question 74

Multiple Choice

The "law" of diminishing marginal utility implies that the


A) marginal utility of a good diminishes over time.
B) first unit of a good consumed will contribute most to the consumer's satisfaction.
C) total utility is constant as more units are consumed.
D) last unit of a good consumed will contribute most to the consumer's satisfaction.
E) total utility is negative.

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