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Your friends asked you to join the night out at an 'all you can eat' Chinese restaurant for a fixed price of only 10 per

Your friends asked you to join the night out at an 'all you can eat' Chinese restaurant for a fixed price of only 10 per person.

Define marginal utility and diminishing marginal utility. [3 marks] Explain why the restaurant would offer 'all you can eat' without a fear of making a loss in their business. [2 marks]

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