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What Does the Law of Diminishing Marginal Utility State

Question 42

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What does the law of diminishing marginal utility state?


A) That the amount of additional utility increases as successive units of a product are consumed.
B) That the amount of total utility decreases at an increasing rate.
C) That the amount of total utility decreases at a decreasing rate.
D) That the amount of additional utility decreases as successive units of a product are consumed.

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