How does the law of diminishing marginal utility fit, Other Subject

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How does the law of diminishing marginal utility fit

Problem

1) In your own words use utility analysis to explain why people demand health. How does the Law of Diminishing Marginal Utility fit into the analysis?

2) How would you expect the price elasticity of demand for medical care to vary with health status? Give a specific example.

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Other Subject: How does the law of diminishing marginal utility fit

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