The marginal benefit to society of reducing pollution declines with increases in pollution abatement because of the law of
A)increasing costs.
B)diminishing returns.
C)diminishing marginal utility.
D)conservation of matter and energy.

Question

Quizplus · Accepted Answer

The law of diminishing marginal utility states that as more of a good or service is consumed, the additional benefit from consuming an additional unit decreases. Similarly, as pollution abatement increases, the additional benefit to society from further reducing pollution decreases.

The Marginal Benefit to Society of Reducing Pollution Declines with Increases