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Economics (AS & A Level) · Feb / March 2024 · Paper 32 · Question 1

9708Utility

A person buys two pairs of socks. What does the purchase of the second pair of socks lead to?

  1. Aa decrease in marginal productivity
  2. Ba decrease in marginal utility
  3. Can increase in marginal productivity
  4. Dan increase in marginal utility

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Correct answer: B. a decrease in marginal utility

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