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The Law of Diminishing Marginal Utility Means That as More

Question 70

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The law of diminishing marginal utility means that as more of a commodity is consumed,total utility will


A) rise but at a declining rate.
B) fall steadily, eventually becoming negative.
C) remain unchanged until the individual is satiated.
D) generally be less than marginal utility.
E) fall when marginal utility falls.

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