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The "Law" of Diminishing Marginal Utility Implies That the

Question 102

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The "law" of diminishing marginal utility implies that the


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

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