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Question:


ntl3psm_processed.png



Answer:




Step 1​



The law of diminishing marginal utility is used to explain the nature of the consumer satisfaction when an individual consumes more and more units of a good continuously.



Step 2​



According to this law, when an individual consumes a good continuously, an additional or marginal satisfaction obtained from each additional unit consumed will decrease.

Hence, the correct option is: c.
 
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