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law of diminishing marginal utility

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noun Economics.
the law that for a single consumer the marginal utility of a commodity diminishes for each additional unit of the commodity consumed.
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QUIZ YOURSELF ON "WAS" VS. "WERE"!
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Question 1 of 7
“Was” is used for the indicative past tense of “to be,” and “were” is only used for the subjunctive past tense.
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2022

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