The Law of Diminishing Marginal Utility: A Detailed Explanation
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SOLVED:Marty and Ann discussed the rule of equal marginal utility per dollar spent, a topic that was recently covered in the economics course they were both taking: Marty: "When I use my calculator to divide the marginal utility of pizza by a price of zero, I don'tg e t   a n   a n s w e r .   This result must mean that if pizza were being sold for a price of zero, the quantity demanded would be infinite." Ann: "Marty, that can't be true. No producer would be willing to 'sell' pizza, or any othe
SOLVED:Marty and Ann discussed the rule of equal marginal utility p…
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