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Recall the law of diminishing marginal utility. This law implies that the a) first unit of a good consumed will contribute most to the consumer's
Recall the law of diminishing marginal utility. This law implies that the
a) first unit of a good consumed will contribute most to the consumer's satisfaction.
b) last unit of a good consumed will contribute most to the consumer's satisfaction.
c) total utility is constant as more units are consumed.
d) total utility is negative.
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