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If Steven Kup receives 23 utils or utility units of marginal utility from consuming his first cup of Nespresso coffee, 25 utils from the second
If Steven Kup receives 23 utils or utility units of marginal utility from consuming his first cup of Nespresso coffee, 25 utils from the second and 22 utils from the third. Which of the following is a CORRECT statement? O The law of diminishing marginal utility commences with the second cup. O The law of diminishing marginal utility commences with the third cup. O His total utility is unknown as more information is needed to determine the answer. His total utility from consuming three cups of coffee is 60 utils
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