Marginal benefit is the benefit ________one more unit of the good and________ of the good increases.
A) of producing; increases as production
B) of producing; decreases as production
C) from consuming; decreases as consumption
D) from consuming; increases as consumption

Question

Quizplus · Accepted Answer

Marginal benefit refers to the additional benefit received from consuming one more unit of a good, and it typically decreases as more of the good is consumed due to the law of diminishing marginal utility.

Marginal Benefit Is the Benefit ________One More Unit of the Good