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Which of the following scenarios illustrates the concept of diminishing marginal returns? Nate is willing to pay $3 for a bottle of soda pop, but
Which of the following scenarios illustrates the concept of diminishing marginal returns? Nate is willing to pay $3 for a bottle of soda pop, but Max is only willing to pay $2.50. Alexis would pay $3 for a cup of coffee, but would only pay $4 total for two cups. Abe is only willing to pay $30 for a ticket to his alma mater's hockey game because he lives out of state and travel costs are high. Even though Miranda would gladly pay $25 to stream music via Spotify each month, her subscription costs only $8
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