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The marginal utility for third unit of X is 60 utils and the marginal utility for the fourth unit of X a 45 util If the law of diminishing marginal utility holds what is the minimum total utility

The marginal utility for third unit of X is 60 utils, and the marginal utility for the fourth unit of X a 45 utils. If the law of diminishing marginal utility holds, what is the minimum total utility?1. The marginal utility for third unit of X is 60 utils, and the marginal utility for the fourth unit of X a 45 utils. If the law of diminishing marginal utility holds, what is the minimum total utility?

May 01 2020 View more View Less

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