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The Principle of Diminishing Marginal Utility States That as an Individual

Question 221

Essay

The principle of diminishing marginal utility states that as an individual consumes more of a good:
A.the total utility obtained will eventually fall.
B.the total utility obtained will eventually become negative.
C.the addition to total utility obtained from the nth unit of the good will be less than that obtained from the (n - 1) unit of the good.
D.the marginal utility will eventually become negative.

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the addition to total utility ...

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