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The law of diminishing marginal utility says: as consumption increases, total utility decreases. as consumption decreases, total utility increases. as income increases, total utility decreases.

The law of diminishing marginal utility says:

as consumption increases, total utility decreases.

as consumption decreases, total utility increases.

as income increases, total utility decreases.

as consumption decreases, marginal utility decreases.

as consumption increases, marginal utility decreases.

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