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The law of diminishing marginal utility is consistent with the fact that people trade. Do you agree or disagree? Explain your answer. If a person

  1. The law of diminishing marginal utility is consistent with the fact that people trade. Do you agree or disagree? Explain your answer.
  2. If a person consumes fewer units of a good, will marginal utility of the good increase as total utility decreases? Why or why not?

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