A restaurant offers a free dinner with a six-pound steak, potatoes, and all the trimmings, but only

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A restaurant offers a free dinner with a six-pound steak, potatoes, and all the trimmings, but only if the patron can eat it all. Otherwise, he must pay $80 for the steak dinner. What does this say about the likely marginal utility most people expect to get from the sixth pound of steak during that dinner?

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Exploring Economics

ISBN: 9781439040249

5th Edition

Authors: Robert L Sexton

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