3. The law of diminishing marginal utility means: The marginal utility of consuming successive units of a good will decline as the amount consumed increases. The marginal utility of consuming...


3. The law of diminishing marginal utility means:<br>The marginal utility of consuming successive units of a good will decline as the<br>amount consumed increases.<br>The marginal utility of consuming successive units of a good will stay the same as<br>the amount consumed increases.<br>None of the options.<br>The marginal utility of consuming successive units of a good will increase as the<br>amount consumed increases.<br>

Extracted text: 3. The law of diminishing marginal utility means: The marginal utility of consuming successive units of a good will decline as the amount consumed increases. The marginal utility of consuming successive units of a good will stay the same as the amount consumed increases. None of the options. The marginal utility of consuming successive units of a good will increase as the amount consumed increases.

Jun 10, 2022
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