The marginal benefit to society of reducing pollution declines with increases in pollution moderation because of the law of:
A)increasing costs.
B)diminishing returns.
C)diminishing marginal utility.
D)conservation of matter and energy.

Question

Quizplus · Accepted Answer

The law of diminishing marginal utility states that as more of a good or service is consumed, the additional benefit from consuming an additional unit decreases. This applies to pollution reduction, where the initial reductions provide significant benefits, but further reductions yield smaller incremental benefits.

The Marginal Benefit to Society of Reducing Pollution Declines with Increases