Question: 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,
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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