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Which of the following is an example of the Law of Diminishing Marginal Utility?


The number of cookies a person eats will diminish based on a person's income.


A person will consume fewer cookies if the price of a substitute good increases.


An increase in the price of cookies will cause a person to consume more cookies.


A diminished price for cookies causes a person not to purchase more cookies.


The more cookies a person eats, the less satisfaction the person will receive from each additional cookie.

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