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In a given time period, a person consumes more and more of a good or service and, as a result, enjoys each additional unit less and is willing to pay less for each additional unit. This behavior is consistent with the law of

A) diminishing returns
B) diminishing marginal product
C) diminishing marginal utility
D) increasing costs

User Dennisa
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1 Answer

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I believe the right answer is c
User Farrukh
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