Explain the concept of diminishing marginal utility

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explain the concept of diminishing marginal utility. since all goods are scarce, does diminishing marginal utility contradict the statement that individuals always want more of all foods?

Reference no: EM13148200

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Explain the concept of diminishing marginal utility : explain the concept of diminishing marginal utility. since all goods are scarce, does diminishing marginal utility contradict the statement that individuals always want more of all foods?

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