What is the definition of marginal utility? What is the law of diminishing marginal utility? Why is

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What is the definition of marginal utility? What is the law of diminishing marginal utility? Why is marginal utility more useful than total utility in consumer decision making?

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Economics

ISBN: 978-0134106243

6th edition

Authors: R. Glenn Hubbard

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Question Posted: Nov 01, 2017 07:04 AM

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What is the definition of marginal utility? What is the law of diminishing marginal utility? Why is

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Marginal utility is the extra utility a person receiv...View the full answer

Economics

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