7. The law of diminishing marginal utility says that the more of any good we consume in...

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7. The law of diminishing marginal utility says that the more of any good we consume in a given period of time, the less satisfaction, or utility, we get out of each additional (or marginal) unit of that good.

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Principles Of Microeconomics

ISBN: 9780691150093

13th Global Edition

Authors: Karl E. Case, Ray C. Fair, Sharon E. Oster

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