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question_answer Discussion Board for a Question on Quiz: Economics (WAEC 2010)

48 Questions · Public · Objective · Quiz suitable for all ages

16 Click Here To Discuss Question

 The law of diminishing marginal utility state that, the more a commodity is consumed the

Select 1 Option (1 Mks)
  • higher the satisfaction derived from an additional unit
  • higher the price to be paid
  • lower the quantity supplied
  • lower the rate of increase in the total utility derived
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