Water is plentiful in most of the world, so its price and total utility are low.
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Q11: Marginal utility is always a positive number.
Q169: Marginal utility tends to fall as a
Q170: The law of diminishing marginal utility implies
Q171: The law of diminishing marginal utility states
Q172: Typically, total utility derived decreases as more
Q173: If the price of a good decreases,
Q175: Marginal utility measures the increase in total
Q176: The law of diminishing marginal utility states
Q177: As we move down a person's demand
Q179: The marginal utility curve is downward sloping.
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