14. of each extra unit of a good decreases as consumption increases. occurs when the marginal utility Select one: a. Diminishing marginal utility b. The real-income effect c. Diminishing total utility

ECON MICRO
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ISBN:9781337000536
Author:William A. McEachern
Publisher:William A. McEachern
Chapter6: Consumer Choice And Demand
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14.
of each extra unit of a good decreases as
consumption increases.
occurs when the marginal utility
Select one:
a. Diminishing marginal utility
b. The real-income effect
c. Diminishing total utility
Transcribed Image Text:14. of each extra unit of a good decreases as consumption increases. occurs when the marginal utility Select one: a. Diminishing marginal utility b. The real-income effect c. Diminishing total utility
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