The marginal benefit of a good or service usually
A) stays constant as we consume more of it.
B) decreases as we consume more of it.
C) increases as we consume more of it.
D) decreases as we consume less of it.

Question

Quizplus · Accepted Answer

The law of diminishing marginal utility states that as we consume more of a good or service, the additional benefit we receive from consuming each additional unit decreases. Therefore, the marginal benefit of a good or service typically decreases as we consume more of it.

The Marginal Benefit of a Good or Service Usually