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Describe how diminishing marginal utility results in need for consumers to make choices.? How does diminishing utility switch consumption from one good to another? Make
Describe how diminishing marginal utility results in need for consumers to make choices.?
- How does diminishing utility switch consumption from one good to another?
- Make sure to include a description to illustrate your ideas.
- Do you agree diminishing marginal utility is an adequate explanation for why consumers face choices?
- Describe choices consumers might face.
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