The law of diminishing marginal utility exists for the fi rst four units of a good if

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The law of diminishing marginal utility exists for the fi rst four units of a good if they have marginal utilities of

a. 1, 2, 4, 8.

b. 8, 4, 1, 2.

c. 4, 8, 2, 1.

d. 8, 4, 2, 1.

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Economics For Today

ISBN: 9780226734798

7th Edition

Authors: Irvin B. Tucker

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