The law of diminishing marginal utility states that the: Multiple choice question. marginal utility associated with the consumption of a good or service becomes larger with each extra unit that is consumed in a given time period. marginal utility associated with the consumption of a good or service becomes smaller with each extra unit that is consumed in a given time period. total utility associated with the consumption of a good or service becomes smaller with each extra unit that is consumed in a given time period.
Business
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