How this relate to idea that diminishing marginal utility

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Q. people at buffets put more on their plates and eat more greater variety of items y have to select from. How does this relate to idea that diminishing marginal utility must be understood in context? Many people buy too much on their credit cards, even though they knows they will be sorry when y get their bill. Relate this fact to idea of time inconsistency

Reference no: EM1367754

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