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    law of diminishing marginal utility

    as we consume more of a good or service, the utility we get from additional units of the good or service tend to become smaller than what we received from earlier units

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Source:  OpenStax, Openstax microeconomics in ten weeks. OpenStax CNX. Sep 03, 2014 Download for free at http://legacy.cnx.org/content/col11703/1.2
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