Multiple Choice
At an all-you-can-eat buffet, a person devours his first plate of food, enjoys the second and can't eat the third. How might an economist explain this?
A) The food's marginal utility was decreasing.
B) The supply curve was increasing.
C) The food's marginal cost was increasing.
D) The food's total utility was decreasing.
Correct Answer:
Verified
Correct Answer:
Verified
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