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    Microeconomics Canada
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    Exam 8: Utility and Demand
  5. Question
    The Fact That Your Fourth Slice of Pizza Does Not
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The Fact That Your Fourth Slice of Pizza Does Not

Question 3

Question 3

Multiple Choice

The fact that your fourth slice of pizza does not generate as much satisfaction as your third slice is an example of


A) consumer surplus.
B) diminishing total utility.
C) diminishing marginal utility.
D) the paradox of value.
E) the law of demand.

Correct Answer:

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