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Do you see any aspect of diminishing marginal utility in this picture? Explain briefly.[ The glutton is a painting by Georg Emanuel Opiz from 1804]

Do you see any aspect of diminishing marginal utility in this picture? Explain briefly.[The gluttonis a painting byGeorg Emanuel Opizfrom 1804]

2. Give an example of the law of decreasing marginal utility in everyday life. Can you think of any situation where this law does not apply?

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