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courtneyjuma courtneyjuma
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2 months ago

Which of the following is descriptive of the law of diminishing marginal utility?



▸

The third hamburger consumed provides less utility than the second hamburger consumed.



▸

The third hamburger is priced higher than the first hamburger.



▸

As price falls, quantity demanded rises, ceteris paribus.



▸

The price of a good rises as the costs of producing that good rise.



▸

none of the above

Textbook 
Economics

Economics


Edition: 12th
Author:
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shanej399shanej399
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2 months ago
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The third hamburger consumed provides less utility than the second hamburger consumed.
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courtneyjuma Author
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2 months ago
this is exactly what I needed
hmonier
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Yesterday
This helped my grade so much Perfect
lipop
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2 hours ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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