The fact that the fourth plate from the "All You Can Eat Country Buffet" generated more satisfaction than the fifth plate is an example of
Possible Answers:
-increasing marginal utility.
-the "paradox of value."
-diminishing marginal utility.
-diminishing total utility.
2006-10-20 07:43:46 · 3 answers · asked by Anonymous in Education & Reference ➔ Homework Help
Diminishing marginal utility.
The idea is that, as you eat more, you get less satisfaction from it. Eventually, the pleasure from eating is less than the feeling of discomfort that eating more would cause, or the effort of getting out of your seat to get more. When that happens, you stop.
If you are paying for each plate, when the cost of the plate outweighs the satisfaction from that last wafer-thin mint, you'll stop.
2006-10-20 07:52:33 · answer #1 · answered by Dentata 5 · 1⤊ 0⤋
Paradox of Value
2006-10-20 14:48:48 · answer #2 · answered by clipsegsxwidsm 2 · 0⤊ 1⤋
-diminishing marginal utility.
2006-10-20 14:47:59 · answer #3 · answered by fourmorebeers 6 · 0⤊ 0⤋