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Indifference Curves
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Indifference Curves
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18. Consumer Choice and Behavioral Economics / Indifference Curves / Problem 6
Problem 6
If a consumer's marginal utility from consuming an additional slice of pizza decreases as they eat more, what economic principle does this illustrate?
A
The law of diminishing returns.
B
The law of increasing returns.
C
The principle of maximum satisfaction.
D
The principle of constant utility.
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