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Mathematics, 30.01.2021 02:00 johnnyboy41706

According to the law of diminishing marginal utility, which of the following is FALSE? Total satisfaction increases as more units of a good are consumed.

The additional satisfaction received from consuming extra units of a good increases as consumption of the good increases.

The additional satisfaction received from consuming extra units of a good decreases as consumption of the good increases.

The additional satisfaction received from consuming extra units of a good increases as consumption of the good decreases.

When marginal utility is decreasing, total utility may be increasing.

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