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    Microeconomics Study Set 49
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    Exam 3: Consumer Preferences and the Concept of Utility
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    If Marginal Utility Is Diminishing, Then Total Utility Is Increasing
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If Marginal Utility Is Diminishing, Then Total Utility Is Increasing

Question 62

Question 62

True/False

If marginal utility is diminishing, then total utility is increasing but at a decreasing rate.

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