The law of diminishing marginal utility states that, as extra units of a product are consumed within a given period of time, total utility
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Solution 1
The law of diminishing marginal utility states that as additional units of a product are consumed within a given period of time, the satisfaction or utility that a consumer derives from that product decreases.
Here's a step-by-step explanation:
- The first unit of a product consumed provides a c Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
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