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) additional benefit from obtaining one more of a good or service increases as more is consumed.
C) total benefit from obtaining more of a good or service decreases as more is consumed.
D) total benefit from obtaining more of a good or service remains the same as more is consumed.

Question

Quizplus · Accepted Answer

The principle of decreasing marginal benefit states that as a person consumes more of a good or service, the additional (or marginal) benefit from consuming an additional unit of that good or service decreases. This reflects the common experience that the more we have of something, the less we benefit from having even more of it.

The Principle of Decreasing Marginal Benefit Implies That the