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
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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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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