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Concept of diminishing marginal utility

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Reference no: EM132476117

Consider that your favorite national brand gasoline company informs you that you have won as much as you want free gasoline, as much as you want, from any of their gas stations, anywhere in the country every day for a year.

  1. Using the concept of diminishing marginal utility, discuss how excited you will be on the first day of your winning
  2. What about your excitement on the 10th day?
  3. What about your excitement on the 30th day?

Reference no: EM132476117

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