Answered

Welcome to Westonci.ca, where your questions are met with accurate answers from a community of experts and enthusiasts. Get quick and reliable solutions to your questions from a community of experienced experts on our platform. Experience the ease of finding precise answers to your questions from a knowledgeable community of experts.

You are having lunch at an all-you-can-eat buffet. if you are rational, what should be your marginal utility from the last morsel of food you swallow?

Sagot :

khuranashilpa76

The regulation of diminishing marginal utility states that as increasingly more appropriate is eaten up, the marginal utility of each extra unit eaten up, decreases.

Marginal utility from the remaining morsel of food you swallow must be zero. The marginal cost of a further morsel of meals is zero at a buffet. making use of the Rational Spending Rule, a rational person will eat till the marginal application of the remaining morsel falls to zero.

Now a rational eater might eat the buffet till the marginal utility will become 0. As consuming after this factor will lead to poor software with a view to now begin lowering its general utility. that is, the character might now end up sick if he consumes more unit 0.

Learn more about marginal utility here:-https://brainly.com/question/15050855

#SPJ4

Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. We're glad you visited Westonci.ca. Return anytime for updated answers from our knowledgeable team.