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Discussion 4: Utility An important law in economics is the “Law of Diminishing Marginal Utility”. Discuss what this law is and provide an example of diminishing marginal utility you’ve encountered re

Discussion 4: Utility

An important law in economics is the “Law of Diminishing Marginal Utility”.  Discuss what this law is and provide an example of diminishing marginal utility you’ve encountered recently.

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*** law ****** **** as the ****** *** a ***** **** or service ********* *** ******** ******* that ** derived from *** **** **** decrease ******** utility is just *** maximum ************ **** * ****** obtains **** ********* * ***** **** ** ******* *** *** maximum) ** ***** ***** ** ** ******** **** in a ****** ****** that **** *** supply ** * given good ******** ******* ** ** *** much the ***** **** ******* *** *** ******** **** be *** ** *** **** ** ******* is ** ****** ** the ****** Besides it ** ******** that people **** ** ***** **** *** *** it ** the ****** ********* its *** ******** ** *** ***** ***** *** *** ******* *** *** ** *********** ******** utility ** *** ********** satisfaction of a **** ** more *** **** ** **** good is taken ** by the ****

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