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QUESTION 5 As a person receives more of a good, the from each additional unit of the good declines. O a. utility O b. sunk
QUESTION 5 As a person receives more of a good, the from each additional unit of the good declines. O a. utility O b. sunk costs O c, marginal utility O d. budget constraint QUESTION 6 The law of explains why people and societies rarely make all-or-nothing choices. O a. consumption Ob. marginal analysis c. diminishing marginal utility O'd. utility
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