As consumption of a good increases,
A)the price of the good falls.
B)marginal benefit increases.
C)marginal benefit decreases.
D)marginal benefit increases or decreases depending on price.
E)marginal benefit equals price.

Question

Quizplus · Accepted Answer

As consumption of a good increases, individuals receive less and less additional satisfaction from consuming each additional unit. Therefore, the marginal benefit of consuming the good decreases.

As Consumption of a Good Increases