The marginal benefit curve is
A) upsloping because of increasing marginal opportunity costs.
B) upsloping because successive units of a specific product yield less and less extra benefit.
C) downsloping because of increasing marginal opportunity costs.
D) downsloping because successive units of a specific product yield less and less extra benefit.

Question

Quizplus · Accepted Answer

The marginal benefit curve is downsloping because successive units of a specific product yield less and less extra benefit, which means the additional benefit obtained from each additional unit of a product decreases as more units are consumed.

The Marginal Benefit Curve Is