Why might the following quote not make economic sense: "The round of golf I just finished was so much fun and worth the money that I should play another round before going back to work"?
A) The marginal benefit of the second round of golf in the same day is likely to be less than the first round.
B) The total benefit from both rounds of golf is likely to be smaller than just the first round.
C) The opportunity cost of the second round from not going to work is likely to be smaller than the opportunity cost of the first round.
D) The total cost of playing both rounds of golf is likely to be smaller than just the first round.

Question

Quizplus · Accepted Answer

The concept of diminishing marginal utility suggests that the additional satisfaction (marginal benefit) gained from consuming more of a good or service decreases as more is consumed. Therefore, the enjoyment (benefit) from the second round of golf in the same day is likely to be less than the first, making the decision economically questionable if not considering the opportunity cost of missing work or other activities.

Why Might the Following Quote Not Make Economic Sense: "The