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How is the practice related of diminishing marginal utility

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Reference no: EM132335387

Question: 1. Why is the price of Coca-Cola greater than price elasticity of demand for soft drinks generally?

2. Some restaurants offer "all you can eat" meals. How is this practice related of diminishing marginal utility? What restrictions must the restaurant impose on the customer in order to make a profit?

APA fromat, 200 words each and references from Macroeconomics 11 ed by William A. Mceachern and two other economics books.

Reference no: EM132335387

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