Explain the law of diminishing marginal utility, and give an example to illustrate it.

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Economics

ISBN: 9780078021800

11th Edition

Authors: Stephen Slavin

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Question Posted: Nov 26, 2015 01:53 AM

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Explain the law of diminishing marginal utility, and give an example to illustrate it.

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As we consume increasing amounts of a good or service we derive diminishing utility or satisfa...View the full answer

Economics

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