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According to the law of diminishing marginal utility, a At a certain point, each additional unit of a good consumed yields less additional utility. b
According to the law of diminishing marginal utility, a At a certain point, each additional unit of a good consumed yields less additional utility. b Consumers do not behave rationally when consuming additional units of the same good. c The second unit of the same good generally has no utility. d As prices go down, consumers will purchase more of a good, ceteris paribus
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