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I don't think you're reading the definition of decreasing marginal utility correctly.  It deals with goods, not money.  Example: "I own a new Jaguar.  I've wanted to all my life.  I could buy another, if I wished to do so, but I already have one.  A second isn't worth the money to me, and I'd rather have a mansion on the coast of France (which will provide a higher level of utility than the second Jaguar)."

Be nice to America. Or we'll bring democracy to your country.
by Drew J Jones (pedobear@pennstatefootball.com) on Fri Apr 28th, 2006 at 09:35:37 AM EST
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