Use the Information Below to Answer the Following Questions

question 90

Multiple Choice

Use the information below to answer the following questions.
Fact 8.4.1 Eating Away the Innings in Baseball's Cheap Seats
Baseball and gluttony, two of America's favourite pastimes, are merging with Major League Baseball stadiums offering all-you-can-eat seats. Some fans try to "set personal records" during their first game, but by the third time in such seats they eat normally.
Source: USA Today, March 6, 2008
-Refer to Fact 8.4.1. Setting personal records for eating can be reconciled with marginal utility theory

• A)only if there is a money price assigned to the record.
• B)only if the price of ballpark food decreases for each subsequent purchase made by a fan in the all-you-can-eat seats.
• C)if we also assign utility values to gaining the record.
• D)if we eliminate the principle of diminishing marginal utility.
• E)by considering the paradox of value.

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Definitions:

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A failure to exercise the care that a reasonably prudent person would exercise in similar circumstances, resulting in harm or damage.

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