In each of the following situations, decide whether Diego has diminishing marginal utility. Explain.
a) Every time Diego watches his favorite film, it gives him the same amount of satisfaction.
b) Diego loves pizza and he can eat great quantities, but, he finds that each additional slice
that he eats gives him a little less satisfaction than the previous roll gave him.
c) Diego quite happy with his college major, hotel management. The more hotel
management classes he takes, the more he enjoys them.
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In each of the following situations, decide whether Diego has diminishing marginal utility. Explain. a) Every...
31. Which of the following is a clear example of the law of diminishing marginal utility? 0 As the price of his favorite candy bar rises, Martin buys fewer and fewer candy bars. O Julia eats three cookies. She takes 20 seconds to eat the first one, 1 minute to eat the second one, and 3 minutes to finish the third one. O Marta develops an allergy to milk. She drinks less of it each month as the allergy gets...