A marginal benefit curve shows
A) there are increasing opportunity costs.
B) the quantity of one good that people are willing to forgo to get another unit of another good.
C) the efficient use of resources.
D) the quantity of one good that must be forgone to get more of another good.

Question

Quizplus · Accepted Answer

A marginal benefit curve represents the additional benefit a person receives from consuming one additional unit of a good. It shows how much of one good a person is willing to give up to obtain more of another good, which is the essence of opportunity cost. Therefore, the correct answer is B.

A Marginal Benefit Curve Shows