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3. Thinking of your own consumer tendencies, provide an example andexplain how the law of diminishing marginal utility applies to yourpersonal consumption patterns and how the utility-maximization ruleand the income and substitution effects play a role in yourshopping at the mall and grocery stores.

4. Is the law of diminishing returns impacted as a result of firmsnot hiring the best workers that may be available for positionswithin the firm or organization? Explain your answer.

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manhokwe tawanda
manhokwe tawandaLv10
30 Sep 2019

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