2. What is meant by diminishing marginal benefits? Are you likely to experience diminishing marginal benefits for

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2. What is meant by diminishing marginal benefits? Are you likely to experience diminishing marginal benefits for goods that you like a lot? Are there exceptions to the general rule of diminishing marginal benefits? (Hint: Think about batteries that you would use in a flashlight that requires two batteries.) Explain your answer.

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Macroeconomics

ISBN: 9780134492056

2nd Edition

Authors: Daron Acemoglu, David Laibson, John List

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