A Local Restaurant Offers an "All You Can Eat" Buffet

question 3

Multiple Choice

A local restaurant offers an "all you can eat" buffet for $15. Mia eats four servings but leaves half of a fifth helping uneaten. Why?

• A) Her marginal value of a serving of brunch has fallen below $15.
• B) Her marginal value of a serving has fallen below $3 ($15 divided by 5 servings).
• C) Her marginal value of food has fallen to zero.
• D) The total value she places on the buffet exactly equals $15.

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Fundamental skills, knowledge, and expertise that give an organization a competitive advantage in its field.

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A cross-border agreement that allows companies in different countries to use the properties (such as patents, trademarks, or technology) of another.

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A type of project that is constructed so that it can be sold or handed over to the buyer in a ready-to-use condition.