a n s w e r s t o e n d- o f- c h a p t e r a n d a p p e n d i x q u e s t i o n s- harper college（一个n s w e r s t o e n d - o f - c h p t e r n d p p e n d我x问u e s t i o n s -哈珀大学）.docVIP

ANSWERS TO END-OF-CHAPTER AND APPENDIX QUESTIONS 1-1 (Key Question) Use the economic perspective to explain why someone who is normally a light eater at a standard restaurant may become somewhat of a glutton at a buffet-style restaurant which charges a single price for all you can eat. This behavior can be explained in terms of marginal costs and marginal benefits. At a standard restaurant, items are priced individually—they have a positive marginal cost. If you order more, it will cost you more. You order until the marginal benefit from the extra food no longer exceeds the marginal cost.