The first Taco Bell 7-layer burrito you ate was extraordinary. The second one was good. The third one was pretty good. The fourth one was just kind of okay. This illustrates
A) utilitarianism.
B) diminishing marginal utility.
C) the benefits-received principle.
D) transcendentalism.
B
Economics
You might also like to view...
Enacting a law controlling rents near a major university will increase the affordable housing for college students.
Answer the following statement true (T) or false (F)
Economics
If total costs are $50,000 when 1000 units are produced, and total costs are $50,100 when 1001 units are produced, we can conclude that
A. average variable costs are $100. B. marginal costs are $100. C. average total costs are $100. D. average fixed costs are $100.
Economics