Marginal benefit curves generally slope
A) downward because of increasing opportunity cost.
B) downward, but not because of increasing opportunity cost.
C) upward because of increasing opportunity cost.
D) upward, but not because of increasing opportunity cost.

Question

Quizplus · Accepted Answer

Marginal benefit curves generally slope downward due to the law of diminishing marginal utility, which states that as one consumes more of a good or service, the additional satisfaction or benefit from each additional unit consumed will eventually decrease. This does not necessarily imply increasing opportunity cost.

Marginal Benefit Curves Generally Slope