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123lol456 123lol456
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A year ago
The concept of diminishing marginal benefit states that ________.

▸ the willingness to pay for an additional unit declines as more of a good is consumed

▸ the demand for a commodity declines as its price increases

▸ lower levels of consumption give lower level of utility

▸ the demand for a commodity is more dependent on income than on price
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
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doquangnhatdoquangnhat
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A year ago
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