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Peter usually likes to drink beer on Friday nights but limits himself to 3 bottles because he said drinking more does not bring him additional
Peter usually likes to drink beer on Friday nights but limits himself to 3 bottles because he said drinking more does not bring him additional satisfaction. This implies that: Question 14 options: His total utility is highest on the 1st bottle His marginal utility is negative on the 4th bottle All of the others His marginal utility is maximum on the 3rd bottle
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Macroeconomics
Authors: N. Gregory Mankiw, William M. Scarth
5th Canadian Edition
1464168504, 978-1464168505
