Complete the following sentence. As you consume more and more of a good,
A)marginal benefit increases.
B)marginal benefit decreases.
C)marginal benefit always equals marginal cost.
D)marginal benefit increases or decreases depending on where you are on the production possibilities frontier.
E)the price of the good falls.

Question

Quizplus · Accepted Answer

As you consume more of a good, the marginal benefit typically decreases due to the law of diminishing marginal utility, which states that the additional satisfaction from consuming an additional unit of a good decreases as more of the good is consumed.

Complete the Following Sentence