Multiple Choice
If Joey Kobayashi experiences diminishing marginal utility from eating hot dogs, then
A) his total utility from eating hot dogs is negative.
B) the marginal utility from the next hot dog Joey eats will be negative.
C) the additional satisfaction he receives from eating another hot dog will be less than the satisfaction he received from his eating his last hot dog.
D) Joey is maximizing the marginal utility per dollar he receives from eating hot dogs.
Correct Answer:
Verified
Correct Answer:
Verified
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