Marginal benefit is the benefit ________ one more unit of the good and ________ of the good increases.
A) of producing; increases as production
B) of producing; decreases as production
C) from consuming; increases as consumption
D) from consuming; decreases as consumption

Question

Quizplus · Accepted Answer

Marginal benefit refers to the additional satisfaction or utility that a consumer receives from consuming one more unit of a good or service. Typically, as more of a good is consumed, the marginal benefit of consuming additional units decreases, reflecting the principle of diminishing marginal utility.

Marginal Benefit Is the Benefit ________ One More Unit of the Good