Microeconomics 18th Edition by Campbell McConnell, Stanley Brue, Sean Flynn

Exercise 22

People at buffets put more on their plates and eat more the greater the variety of items they have to select from. How does this relate to the idea that diminishing marginal utility must be understood in context Many people buy too much on their credit cards, even though they know they will be sorry when they get their credit card bill. Relate this fact to the idea of time inconsistency.