Marginal benefit curves slope _______ and marginal cost curves slope _______.

Question

Quizplus · Accepted Answer

Marginal benefit curves typically slope downward because the additional satisfaction (benefit) a consumer gets from consuming one more unit of a good or service decreases as more is consumed. Marginal cost curves slope upward because the additional cost of producing one more unit of a good or service generally increases as production increases, due to factors like the need for more expensive resources or overtime pay for workers.

Marginal Benefit Curves Slope _______ and Marginal Cost Curves Slope