Diminishing marginal utility: a. occurs when a consumer buys more of a good as a result of a relative price change. b. occurs when the additional utility for each good declines as consumption increases. c. occurs when there is a change in purchasing power as a result of a change in the price of a good. d. is the additional satisfaction derived from consuming one more unit of a good or service. e. is the combination of goods and services that maximizes utility for a given income.
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