The principle of decreasing marginal benefit implies that the

Question

Quizplus · Accepted Answer

The principle of decreasing marginal benefit states that as more units of a good or service are consumed, the additional benefit or utility derived from consuming an additional unit decreases. This means that the marginal benefit curve is downward sloping, indicating that each additional unit provides less and less additional benefit or satisfaction. Therefore, choice D is the correct answer.

The Principle of Decreasing Marginal Benefit Implies That the