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The law of diminishing marginal utility or satisfaction states that each additional unit of a product consumed will increase total satisfaction at what rate?
Wiki User
∙ 14y ago
decreasing.
Wiki User
∙ 14y ago
The law of diminishing marginal utility states that the total satisfaction derived from each additional unit of a product consumed decreases as more units are consumed. This means that the rate at which total satisfaction increases diminishes with each additional unit consumed.
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