If marginal utility is diminishing, total utility must also be declining.
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Q10: The limited money income of consumers results
Q11: The law of diminishing marginal utility suggests
Q12: The law of diminishing marginal utility implies
Q13: When total utility is at a maximum,
Q14: When the price of a product falls,
Q16: Noncash gift-giving involves value loss when the
Q17: If the price of a good increases,
Q18: Marginal utility is total utility divided by
Q19: The price of chicken = $5, while
Q20: The income effect explains an exception to
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