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Answer to Question #281996 in Microeconomics for Cheng cheng

Question #281996

Does the marginal utility of x diminish, remain constant, or increase as the consumer buys more x?


1
Expert's answer
2021-12-22T13:28:32-0500
  • Diminishes-The law of diminishing marginal utility says that the marginal utility from each additional unit declines as consumption increases.

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