Its lunch time, you are hungry and would like to have some pizza. By the law of
ID: 1222619 • Letter: I
Question
Its lunch time, you are hungry and would like to have some pizza. By the law of diminishing marginal value,
you would pay more for your first slice of pizza than your second
you would pay more for your second slice of pizza than your first
you would pay an equal amount of money for both the slices since they are identical
none of the above
a.you would pay more for your first slice of pizza than your second
b.you would pay more for your second slice of pizza than your first
c.you would pay an equal amount of money for both the slices since they are identical
d.none of the above
Explanation / Answer
Option A. is correct.Because initally we are hungry and need to pay large amount for a single piece of pizza than the other second piece of pizza
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