As an individual consumes more of a good, the marginal utility of that good declines.
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Q161: Consuming one more of a good increases
Q162: A rational consumer will always shift a
Q163: Typically, marginal utility is higher when a
Q164: The law of diminishing marginal utility implies
Q165: If total utility increases from 10 to
Q167: If total utility increases from 10 to
Q168: Consumer equilibrium requires that the marginal utility
Q169: Marginal utility tends to fall as a
Q170: The law of diminishing marginal utility implies
Q171: The law of diminishing marginal utility states
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