Marginal benefit is the

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Marginal benefit is the additional benefit obtained from consuming one more unit of a good. As consumption increases, the marginal benefit decreases because the consumer begins to satisfy their most pressing needs first and consumes the less important ones later. Option (A) is incorrect because marginal benefit decreases with consumption. Option (B) is incorrect because it refers to marginal cost instead of marginal benefit. Option (D) is incorrect because as production increases, the cost of producing one more unit of a good increases (marginal cost), but marginal benefit remains constant or decreases with consumption.

Marginal Benefit Is the