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The Table Given Below Depicts the Total Utility Derived from the Consumption

question 58

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The table given below depicts the total utility derived from the consumption of a good.Table 7.1
The table given below depicts the total utility derived from the consumption of a good.Table 7.1    -Marginal utility diminishes more quickly: A) the less durable the good is. B) the greater the number of consumers consuming the good. C) the shorter the time period between two successive consumptions. D) the greater the number of firms producing the good. E) the cheaper the good is.
-Marginal utility diminishes more quickly:


Definitions:

Gene

A unit of heredity that is transferred from a parent to offspring and is held to determine some characteristic of the offspring.

Hydrogen Atoms

A hydrogen atom consists of one proton and one electron; it is the simplest and most abundant atom in the universe.

Electrons

Subatomic particles with a negative charge, orbiting the nucleus of an atom and involved in chemical bonds and electricity.

Oxidation

A chemical reaction involving the loss of electrons or an increase in oxidation state by a molecule, atom, or ion.

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