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Utility functions in this course will generally feature diminishing marginal utility. This feature means that... ...I would be willing to pay less for my second
Utility functions in this course will generally feature diminishing marginal utility. This feature means that... ...I would be willing to pay less for my second television than for my first television ...I would rather have one television than have two televisions ...once I have my first television, I don't care how many additional televisions I have ...there is some number of televisions beyond which I don't want additional televisions
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