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Solve the problem.
-The current in a simple electrical circuit is given by , where is the current in amperes, is the voltage in volts, and is the resistance in ohms. When volts, what is a resistor's tolerance for the current to be within amp?
Law of Diminishing Marginal Utility
The principle that as a person consumes more of a product, the satisfaction (utility) gained from consuming each additional unit decreases.
Diminishing Marginal Utility
is an economic principle stating that as a person increases consumption of a product, there is a decline in the additional satisfaction (utility) that person gains from consuming one more unit of the product.
Marginal Utility
The additional satisfaction or usefulness obtained from acquiring or consuming one more unit of a good or service.
Marginal Utility
The increase in satisfaction or utility a consumer experiences from the consumption of one additional unit of a good or service.
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