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Read the article https://fee.org/articles/to-be-a-happy-person- understand-marginal-utility/ Watch the video: https://www.forbes.com/sites/prishe/2016/12/06/2016-nfl-tv- ratings-decline-has-diminishing-marginal-utility-finally-set- in/#18f7688c5217 0 1. Discuss the law of diminishing Marginal utility? 2. Why is it that

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Read the article https://fee.org/articles/to-be-a-happy-person- understand-marginal-utility/ Watch the video: https://www.forbes.com/sites/prishe/2016/12/06/2016-nfl-tv- ratings-decline-has-diminishing-marginal-utility-finally-set- in/#18f7688c5217 0 1. Discuss the law of diminishing Marginal utility? 2. Why is it that the consumer can maximize total net utility only if the purchase quantity brings marginal utility as close as possible to equality with price? 3. Use the law of diminishing marginal utility to explain why Domino's and Pizza Hut allow the purchase of a second pizza for only $5 when one pays full price (around $10) for the first pizza. Why not simply charge $7 a pizza instead

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