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 typically 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