Please help with the following questions The reason that all - you - can - eat r

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Please help with the following questions

The reason that all - you - can - eat restaurants can make a profit is due to the law of diminishing marginal utility. the law of increasing relative costs. the law of diminishing marginal returns. the law of demand. The negative relationship between the quantity demanded of a commodity and its price can be explained by the principle of increasing total utility. indifference analysis. diminishing marginal utility. contingent valuation. The diamond - water paradox illustrates the idea that determines what consumers are willing to pay for a particular good. marginal utility the substitution effect the real - income effect total utility

Explanation / Answer

1.c

2.b

3.c

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