The law of diminishing marginal utility implies that total utility never reaches a maximum.
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Q177: Refer to the information provided in
Q178: Refer to the information provided in
Q179: Refer to the information provided in
Q180: Refer to the information provided in
Q181: If MUx/Px exceeds MUy/Py, then a household
Q183: The total amount of satisfaction yielded by
Q184: Total utility can be positive even when
Q185: The law of diminishing marginal utility implies
Q186: A negative marginal utility implies negative total
Q187: The diamond/water paradox helps to illustrate the
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