Diminishing marginal utility means that A.marginal utility decreases as consumption decreases. B.marginal utility increases as consumption increases.
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Question:
Diminishing marginal utility means that
- A.marginal utility decreases as consumption decreases.
- B.marginal utility increases as consumption increases.
- C.marginal utility decreases as consumption increases.
- D.total utility decreases as marginal utility decreases.
- E.total utility decreases as marginal utility increases.
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