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What Is the Law of Diminishing Marginal Utility?
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#12/21 WHY WE TRAVEL Dimnishing Marginal Utility in Travel? Those who have travelled further & longer would relate to this. It happened to me in South America, when I was out for 7 months. In my 5th month, the excitement died, I was amidst beautiful mountains & lakes & deserts & forests, but everything was just okay. I was more excited about going back home. And since then I have tried to 'save my travels'. Tried to not 'overdo' it, and find the right balance of spending time with friends & fami
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What Does the Law of Diminishing Marginal Utility Explain?
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What Is a Marginal Benefit in Economics, and How Does It Work?
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Marginal Analysis in Business and Microeconomics, With Examples
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