After paying $12 to enter an all-you-can-eat buffet, you can eat as much food as you desire. Which of the following statements is true?
A) The marginal benefit of your first plate of food is larger than the marginal benefit of your third plate of food.
B) The marginal cost of a plate of food is sunk.
C) You should eat as much as possible to maximize your benefit.
D) It is inefficient to eat at buffet restaurants.
Correct Answer:
Verified
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