200 words min. Diminishing marginal utility holds that the… 200 words min.Diminishing marginal utility holds that the additional utility decreases with each unit added. It is another example of the more general Law of Diminishing Returns that we’ve seen in the Choice in a World of Scarcity section. Pick a good or service and explain how or why one would experience diminishing marginal utility for this good or service. It may also help to explain over what time horizon you would experience this diminishing marginal utility.BusinessEconomicsMicroeconomics ECON ECON 4
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