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1) Explain the relation between consuming goods, receiving marginal utility, and experiences of total utility. In a world of infinite resources (i.e., no budget constraints

1) Explain the relation between consuming goods, receiving marginal utility, and experiences of total utility. In a world of infinite resources (i.e., no budget constraints but still in a limited time frame), and diminishing marginal utility, how much of a good will consumers wish to consume?

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