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Nickolas Alarca
on Oct 27, 2024

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When an individual continues to eat more turkey,if the principle of diminishing marginal utility applies,each additional serving yields:

A) more marginal utility.
B) less marginal utility.
C) the same amount of marginal utility.
D) less total utility.

Principle Of Diminishing Marginal Utility

The proposition that each successive unit of a good or service consumed adds less to total utility than did the previous unit.

Marginal Utility

The augmented utility or satisfaction a consumer experiences when they consume one more unit of a product or service.

Turkey

A large domesticated bird commonly raised for meat or eggs; also refers to the country located at the intersection of Europe and Asia known for its cultural heritage and strategic location.

  • Apprehend the idea of diminishing marginal utility and its significance for making consumption decisions.
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Ashley AdriannaOct 29, 2024
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