You have a bet that you can eat more pizza slices than your friend. The loser has to pay for all the pizza. Which statement is true ?

Question

Quizplus · Accepted Answer

Each statement reflects principles of diminishing marginal utility and rational decision-making in economics. A) Initially, each slice of pizza provides a high level of satisfaction (benefit). B) There's a positive gain from each slice until a certain point, even if it decreases over time. C) This is the principle of diminishing marginal utility, where each additional unit of consumption provides less additional satisfaction. D) Rational decision-making implies stopping when the marginal benefit no longer exceeds the marginal cost, which can be interpreted as stopping when the additional satisfaction (benefit) is zero or when the cost (physical discomfort, in this case) equals the satisfaction.

You Have a Bet That You Can Eat More Pizza