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Unit 2.4: Consumer and producer behaviour (HL only)

Under the previous curriculum this page would have been included in the section on consumer utility and can also be used as the basis for a TOK exercise. Under the new syllabus this section has been expanded to include some new concepts, which are listed on the key terms at the beginning of the activity handout.Why does the utility (level of enjoyment) diminish as consumption of a good or service rises. What is the relationship...

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