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Marginal Utility in Real Life

Use the concept of marginal utility to describe the following: Newspaper vending machines are designed so that once you have paid for one paper; you could take more than one paper at a time. But soda vending machines, once you have paid for one soda, dispense only one soda at a time.

 

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M927988

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