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Originally Posted by CRedskinsRule
2 things,
1) the law doesn't affect convenience stores, so the 7-11 note on big gulps isn't relevant
2) if a place like McD's sells all their sodas for $1, and you can go back and refill as often as you like inside, then this becomes a very random law. Would the law require places like McDs to move the dispenser back behind the counter?
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1. I was under the impression that it covered everything. The likes of 7-11 definitely need to be on the list otherwise the law loses its punch.
2. As I state in my previous post the
law of diminishing marginal utility is too powerful for that to happen. Ask yourself, what is the maximum number of times you have filled up more than twice? Hell, even twice?
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A psychological generalization that the perceived value of, or satisfaction gained from, a good to a consumer declines with each additional unit acquired or consumed.
Even the most delicious food, for example, will appeal less and less to its consumer when he or she has had enough, and if consumption continues, sickness (disutility) will result. Consumers deal with this phenomenon by consuming a variety of goods rather than lots of one good.
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This law is the kinda of law that allows buffets to continue to exist and allows you to drink 64 oz drink without considering it as a multiple of a 16oz drink.