The principle of decreasing marginal benefit implies that the
A)additional benefit from obtaining one more of a good or service decreases as more is consumed.
B)total benefit from obtaining more of a good or service decreases as more is consumed.
C)total benefit from obtaining more of a good or service remains the same as more is consumed.
D)additional benefit from obtaining one more of a good or service increases as more is consumed.

Question

Quizplus · Accepted Answer

The principle of decreasing marginal benefit states that as more of a good or service is consumed, the additional benefit gained from consuming an additional unit decreases.

The Principle of Decreasing Marginal Benefit Implies That the