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The Principle of Diminishing Marginal Utility Implies That

Question 3

Multiple Choice

The principle of diminishing marginal utility implies that:


A) As we consume more of the same good, our total utility increases.
B) As we consume more of the same good, our total utility decreases.
C) As we consume more of the same good, our utility remains unchanged.
D) As we consume more of the same good, the additional increase in utility from each additional unit of consumption decreases.

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