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As More of a Good Is Consumed, Its Marginal Utility

question 105

Multiple Choice

As more of a good is consumed, its marginal utility ________ and its total utility ________.


Definitions:

Charitable Organizations

Nonprofit entities that operate for the purpose of providing aid and support to societal, cultural, educational, or environmental causes.

Educational Institutions

Organizations dedicated to the instruction and training of students in various fields of study.

Fully-Funded Pension Plan

A pension plan that has enough assets to provide for all accrued benefits owed to participants.

Equities

Shares of ownership in a company, representing a claim on part of the company's assets and earnings.

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