You are talking to a recently retired person who saved for years in order to travel and

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You are talking to a recently retired person who saved for years in order to travel and see the world. The more this person travels, the happier he is. Does this observation mean that the law of diminishing marginal utility is wrong? Briefly explain.

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Economics

ISBN: 978-0134738321

7th edition

Authors: R. Glenn Hubbard, Anthony Patrick O Brien

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