Which situation is consistent with the law of diminishing marginal utility? a. Paul's marginal utility from eating burgers reaches a maximum when total utility is zero. b. The more burgers Paul eats, the more he enjoys another burger c. Paul's marginal utility from eating burgers becomes positive after eating three burgers. d. The more burgers Paul eats, the less he enjoys another burger
Which situation is consistent with the law of diminishing marginal utility? a. Paul's marginal utility from eating burgers reaches a maximum when total utility is zero. b. The more burgers Paul eats, the more he enjoys another burger c. Paul's marginal utility from eating burgers becomes positive after eating three burgers. d. The more burgers Paul eats, the less he enjoys another burger
Chapter7: Consumer Choice: Maximizing Utility And Behavioral Economics
Section7.1: Utility Theory
Problem 3ST
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Which situation is consistent with the law of diminishing
a.
Paul's marginal utility from eating burgers reaches a maximum when total utility is zero.
b.
The more burgers Paul eats, the more he enjoys another burger
c.
Paul's marginal utility from eating burgers becomes positive after eating three burgers.
d.
The more burgers Paul eats, the less he enjoys another burger
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