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A.Jay A.Jay
wrote...
Posts: 273
5 years ago
What is the principle of diminishing marginal utility?
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
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wrote...
5 years ago
 The principle of diminishing marginal utility is that as more of any good is consumed the extra satisfaction derived declines. Increases in total utility from the consumption of a good becomes smaller and smaller as more of the good is consumed in a given time period.
A.Jay Author
wrote...
5 years ago
Helps a lot... Now I'm ready for my quiz
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