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As a Rule, as a Consumer Acquires More and More

question 22

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As a rule, as a consumer acquires more and more of a good, the marginal utility declines.


Definitions:

Solute

A dissolved substance. Compare with solvent.

Particles

Small localized objects to which can be ascribed several physical or chemical properties such as volume or mass.

Osmoregulation

The process by which living organisms control the concentration of water and electrolytes in their bodies to maintain homeostasis.

Concentration

The amount of a substance in a specific volume of solution, often measured in moles per liter.

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